Chinese personal computer maker Lenovo Group reported a 20% year-on-year jump in second-quarter profit on Thursday, slightly beating analysts' estimates, on the back of strengthening demand for its products.
Lenovo's net profit in the quarter ended September rose to $202 million, compared with an average estimate of $199.59 million by eight analysts, according to Refinitiv data.
Lenovo's net profit in the quarter ended September rose to $202 million, compared with an average estimate of $199.59 million by eight analysts, according to Refinitiv data. Revenue rose 1% to $13.52 billion, compared to an average estimate of $13.73 billion by 11 analysts. Laptop computers are among $156 billion worth of Chinese goods that Washington has threatened to hit with tariffs on Dec. 15, along with cell phones and toys.
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