Lenovo shares at 1-wk high after strong Q2 profit

Thu Nov 5, 2009 8:50pm EST
 
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HONG KONG/TAIPEI, Nov 6 (Reuters) - Shares of Lenovo (0992.HK), the world's No. 4 PC brand, rose by more than 3 percent to a one-week intraday high after reporting second-quarter earnings that blew past expectations.

By 0152 GMT, Lenovo shares were up 3.38 percent at HK$4.59

($0.59), beating the 1.8 percent advance on the benchmark Hang Seng .HSI share index.

Lenovo's July-September net profit more than doubled to $53.08 million, the company said on Thursday, well ahead of market forecasts and prompting some analysts to declare the worst over for the PC firm.

(Reporting by Kelvin Soh and Doug Young; Editing by Jacqueline Wong)

((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.net))

((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: LENOVO/HOTSTOCK

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