- Lenovo (LNVGY.PK) — now the world's largest PC maker — posts an FQ1 net profit of $174M (+23% Y/Y), beating consensus estimates by $8M.
- Revenue for the period comes in at $8.78B, up 10% Y/Y.
- Gross margin and operating margin were 13.6% and 2.3% respectively for Q1. (presentation)
- Shares +2.9% in Hong Kong trade.
Lenovo posts larger-than-expected net profit
Aug 14 2013, 22:35 ET