Lenovo fourth-quarter profit surges more than three-fold on strong PC sales

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Lenovo fourth-quarter profit surges more than three-fold on strong PC sales
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China's Lenovo Group reported a more than three-fold increase in its quarte...

FILE PHOTO: The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

Lenovo’s net profit in the quarter ended March rose to $118 million compared with an average estimate of $91.4 million by seven analysts, according to Refinitiv data, and versus a profit of $33 million a year earlier. Revenue rose 10 percent to $11.71 billion, in line with the average estimate of $11.65 billion by 11 analysts.

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