02-03-2021 10:01 AM | Source: Reuters
Lenovo third-quarter profit tops expectations
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SHANGHAI - China's Lenovo Group, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted.
Net profit jumped to $395 million for the October-December quarter. That beat an average estimate of $293.7 million from eight analysts, according to Refinitiv data.
Revenue increased 22% to $17.25 billion.
(Reporting by Pei Li and Brenda Goh; Editing by Himani Sarkar)
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