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Lenovo Profit Beats Expectations, Helped By Remote Working Trend

Lenovo reported a 31% jump in net profit for its first quarter ended June to $213 million, beating an average $107.48 million estimate of five analysts

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China's Lenovo Group, the world's biggest PC maker, posted a better than expected quarterly profit on Thursday and said it is capturing opportunities emerging from remote working.

Lenovo reported a 31% jump in net profit for its first quarter ended June to $213 million, beating an average $107.48 million estimate of five analysts, according to Refinitiv data.

Revenue increased 7% to $13.3 billion.

(Reuters)


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