Lenovo’s Profit Rises on PC Sales
Chinese personal-computer maker Lenovo Group Ltd. said Thursday its net profit for the three months through September rose 13 percent from a year earlier, as sales remained strong despite a slump in the overall PC industry.
Lenovo said its net profit for its fiscal second quarter rose to $162.1 million from $143.9 million a year earlier, beating analysts’ forecast for a net profit of $154.6 million. Revenue for the quarter rose 11 percent to $8.67 billion from $7.79 billion a year earlier.
