YOUR FRIENDS' ACTIVITY

    Lenovo shares jump more than 4 percent after earnings beat forecast

    HONG KONG (Reuters) - Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly profit, its fastest in seven quarters.

    The stock rose as much as 4.3 percent in afternoon trade to HK$7.49 after it posted net profit of $126.9 million in the quarter ended in March, up from $66.8 million a year earlier, based on Reuters calculations using full-year and nine-month financial data.

    (Reporting By Christina Lo and Anne Marie Roantree; Editing by Daniel Magnowski)

    Loading...
    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance