Deals
Lenovo Profit Beats Analyst Estimates on Smartphone Gains
This article is for subscribers only.
Lenovo Group Ltd., the world’s biggest maker of personal computers, reported first-quarter profit that beat analyst estimates after increasing its global market share for tablet computers, smartphones and PCs.
Net income climbed 23 percent to $173.9 million in the three months ended June from $141.4 million a year earlier, Lenovo said in a statement today. That exceeded the $167 million average of 10 analysts’ estimates compiled by Bloomberg.