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Lenovo's Q3 revenue jumps 20% as PC industry recovers

February 20, 2025
Source: finance.yahoo.com finance.yahoo.com
News Snapshot:
BEIJING (Reuters) -Lenovo on Thursday reported a 20% rise in third-quarter revenue as the global personal computer industry showed signs of recovery. The Chinese technology company, whose main business is making and selling personal computers, reported revenue of $18.8 billion for the quarter ended December 31. That exceeded analysts' expectations of $17.82 billion, LSEG data showed. Net profit reached $693 million compared with analysts' estimate of $367.7 million. The global PC market is still facing uncertainty following a post-pandemic slump, with shipments growing by a modest 1.8% during the fourth quarter of 2024, according to research group IDC. Lenovo maintained...
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