HONG KONG/TAIPEI, Nov 6 (Reuters) - Shares of Lenovo , the world's No. 4 PC brand, rose by more than 3 percent to a one-week intraday high after reporting second-quarter earnings that blew past expectations.
By 0152 GMT, Lenovo shares were up 3.38 percent at HK$4.59 ($0.59), beating the 1.8 percent advance on the benchmark Hang Seng share index.
Lenovo's July-September net profit more than doubled to $53.08 million, the company said on Thursday, well ahead of market forecasts and prompting some analysts to declare the worst over for the PC firm.
(Reporting by Kelvin Soh and Doug Young; Editing by Jacqueline Wong)
((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.net)) Keywords: LENOVO/HOTSTOCK (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
By 0152 GMT, Lenovo shares were up 3.38 percent at HK$4.59 ($0.59), beating the 1.8 percent advance on the benchmark Hang Seng share index.
Lenovo's July-September net profit more than doubled to $53.08 million, the company said on Thursday, well ahead of market forecasts and prompting some analysts to declare the worst over for the PC firm.
(Reporting by Kelvin Soh and Doug Young; Editing by Jacqueline Wong)
((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.net)) Keywords: LENOVO/HOTSTOCK (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.