China's Lenovo swings to third quarter loss on U.S. tax reform, says outlook challenging

China's Lenovo swings to third quarter loss on U.S. tax reform, says outlook challenging

6 years ago
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https://www.reuters.com/article/us-lenovo-results/chinas-lenovo-swings-to-third-quarter-loss-on-u-s-tax-reform-says-outlook-challenging-idUSKBN1FL3HX

Chinese personal computer maker Lenovo Group swung to a loss in the third quarter from a year-ago profit, hurt mainly by a one-off charge of $400 million resulting from a U.S. tax reform, and said the short-term outlook was challenging.