By Che Pan and Brenda Goh BEIJING (Reuters) -China’s Lenovo reported a 5% year-on-year drop in second-quarter profit on Thursday. The world’s largest personal computer maker posted revenue of $20.5 billion for the three months ended September 30, slightly ahead of analysts’ expectations of $20.3 billion, according to LSEG data. Net profit attributable to shareholders […]
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Lenovo reports a 5% fall in Q2 profit
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By Che Pan and Brenda Goh
BEIJING (Reuters) -China’s Lenovo reported a 5% year-on-year drop in second-quarter profit on Thursday.
The world’s largest personal computer maker posted revenue of $20.5 billion for the three months ended September 30, slightly ahead of analysts’ expectations of $20.3 billion, according to LSEG data. Net profit attributable to shareholders was $340 million, below the consensus estimate of $449.4 million.
Its adjusted net profit attributable to shareholders grew 25% to $512 million.
(Reporting by Che Pan and Brenda Goh; Editing by Himani Sarkar)