BUZZ-HK-listed Lenovo hits near 10-year peak on strong Q3 results

Reuters
20 Feb
BUZZ-HK-listed Lenovo hits near 10-year peak on strong Q3 results

** Lenovo's shares 0992.HK jump as much as 4.8% to HK$13.18, their highest since May 2015

** Stock eases to a 2.7% increase, most on Hang Seng Tech index .HSTECH and second-most on Hang Seng China Enterprises index .HSCE, which fall 2.1% and 1.2%, respectively

** Lenovo reports 20% jump in Q3 revenue to $18.8 bln, beating analysts' expectations of $17.82 bln, as global PC industry showed signs of recovery

** Net profit of $693 mln also beats estimates of $367.7 mln

** Lenovo stock up 28.4% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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