Categories: Feature

Lenovo reports a 5% fall in Q2 profit

Published by TSG Syndication

By Che Pan and Brenda Goh BEIJING (Reuters) -China's Lenovo reported a 5% year-on-year drop in second-quarter profit on Thursday. The world's largest personal computer maker posted revenue of $20.5 billion for the three months ended September 30, slightly ahead of analysts' expectations of $20.3 billion, according to LSEG data. Net profit attributable to shareholders was $340 million, below the consensus estimate of $449.4 million. Its adjusted net profit attributable to shareholders grew 25% to $512 million. (Reporting by Che Pan and Brenda Goh; Editing by Himani Sarkar) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication