Lenovo's Q3 revenue jumps 20% as PC industry recovers

Reuters
20 Feb
Lenovo's Q3 revenue jumps 20% as PC industry recovers

BEIJING, Feb 20 (Reuters) - Lenovo 0992.HK on Thursday reported a 20% rise in third-quarter revenue as the global personal computer industry showed signs of recovery.

The Chinese technology company, whose main business is making and selling personal computers, reported revenue of $18.8 billion for the quarter ended December 31. That exceeded analysts' expectations of $17.82 billion, LSEG data showed.

Net profit reached $693 million compared with analysts' estimate of $367.7 million.

(Reporting by Liam Mo and Brenda Goh; Editing by Christopher Cushing)

((liam.mo@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10