Chinese personal computer maker Lenovo Group Ltd reported a 20% year-on-year jump in second-quarter profit on Thursday, slightly beating analysts’ estimates, on the back of strengthening demand for its products. Lenovo’s net profit in the quarter ended September rose to $202 million, compared with an average estimate of $199.59 million by eight analysts, according to Refinitiv data. China’s Lenovo Group, the world’s largest PC maker, warned in August that it would have to raise prices if U.S. tariffs increased, and that shifting manufacturing from China to avoid tariffs could further bump up costs. …read more
Source:: Yahoo Finance
