Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
  
Tech
News18 » Tech
1-min read

Lenovo Third-Quarter Net Profit Misses Estimates, Falls by 67 Percent

Profit fell to $98 million over the three months through December, from $300 million in the same period a year earlier. That compared with the $159.53 million average of 14 analyst estimates in a Thomson Reuters poll.

Reuters

Updated:February 16, 2017, 10:25 AM IST
facebookTwitterskypewhatsapp
Lenovo, Smart Wearables, Flipkart, Lenovo Group Ltd, India Smart Wearables, Technology News
Photo for representation. (image: Reuters)

Lenovo Group Ltd, the world's largest personal computer (PC) maker, on Thursday posted a 67 percent slide in third-quarter net profit, lagging analyst estimates, as supply constraints and a weak macroeconomic environment weighed.

Profit fell to $98 million over the three months through December, from $300 million in the same period a year earlier. That compared with the $159.53 million average of 14 analyst estimates in a Thomson Reuters poll.

Revenue fell 6 percent to $12.2 billion.

Component supply constraints across the industries in which Lenovo operates impacted performance, in addition to a challenging macro environment and global markets, the company said in a filing.

Also read: Amazon Takes on Microsoft Skype With Video Conferencing App 'Chime'

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Sarthak Dogra
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results