Lenovo Group Ltd (0992.HK)
22 Feb 2019
HONG KONG Lenovo Group, the world's largest personal computer maker, posted better-than-expected quarterly results and shrugged off the impact of a bruising Sino-U.S. trade war, sending its shares soaring 11 percent to three-year highs.
HONG KONG (Reuters Breakingviews) - Lenovo's reboot could run low on battery. The world's top PC-maker more than doubled pre-tax earnings in the December quarter from a year earlier, confirming a turnaround under boss Yang Yuanqing is underway. That's mostly powered by cost cuts in the $9 billion group's handset and server units. But with demand cooling for both, a Lenovo comeback may be difficult to sustain.
* Revenue rises 8.5 pct on strong performance in major businesses
HONG KONG, Feb 21 Lenovo Group Ltd said on Thursday it swung back to a net profit in the December quarter, beating market expectations, due to a strong performance across its major business groups.
HONG KONG Chinese PC maker Lenovo Group reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period.
HONG KONG, Nov 8 Chinese PC maker Lenovo Group reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period.
HONG KONG, Nov 8 Chinese PC maker Lenovo Group reported a 21 percent rise in quarterly net profit, beating expectations, thanks to more premium computers it was able to sell. Its net profit for the second quarter ended September came in at $168 million, versus $139 million a year earlier and an average estimate of $118 million from 9 analysts, according to Refinitiv data.
HONG KONG Lenovo and ZTE Corp shares slid on Friday, hurt by worries about overseas sales after Bloomberg reported that the systems of multiple U.S. companies had been compromised by malicious computer chips inserted by Chinese spies. | Video
* Investors fret over impact of Bloomberg Businessweek report
Oct 5 Hong Kong stocks fell for a fourth straight session on Friday, dragged by a selloff in technology stocks on fears that these companies will be the latest casualties in the escalating U.S.-China trade war. ** The Hang Seng Index was down 0.42 percent at 26,512.65, while Chinese H-shares listed in Hong Kong fell 0.47 percent to 10,497.99.