Seeking Alpha

Lenovo posts larger-than-expected net profit

  • 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.
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