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Lenovo Q3 profit jumps 11% as shipments rise

Thu 20th February, 2020 4:07am
SHANGHAI, Feb 20 (Reuters) - Chinese personal computer maker
Lenovo Group Ltd  0992.HK  reported a 11% jump in third-quarter
net profit on Thursday, slightly beating analysts' estimates,
due to higher shipments. 
    Lenovo's net profit in the quarter ended December rose to
$258 million, compared with an average $223 million estimate of
seven analysts, according to Refinitiv data.
    Revenue rose to $14.1 billion from $14 billion in the same
quarter last year, compared to an average $13.6 billion estimate
of 10 analysts.

 (Reporting by Brenda Goh; Editing by Muralikumar Anantharaman
and Kim Coghill)
 ((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters
Messaging: brenda.goh.thomsonreuters.com@reuters.net))
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