Lenovo third-quarter profit tops expectations, posting all-time-high revenue and profit

Lenovo third-quarter profit tops expectations, posting all-time-high revenue and profit

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-lenovo-results/lenovo-third-quarter-profit-tops-expectations-posting-all-time-high-revenue-and-profit-idUSKBN2A30F1

China's Lenovo Group, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. Net profit jumped to $395 million for the October-December quarter. That beat an average estimate of $293.7 million from eight analysts, according to Refinitiv data. Revenue increased 22% to $17.25 billion.