Lenovo posts Q2 FY2016 earnings
@ 2016/11/09PC and tablet markets still remain down
On Friday, Lenovo reported its revenue earnings for the third quarter of 2016, up 12 percent over the previous quarter and down 8 percent year-over-year as market conditions continue to remain challenging.
The company’s pre-tax income was $168 million while net income was $157 million. This is in contrast to an $842 million pre-tax loss in the second quarter of last year and a $714 million net loss during the same quarter.
On Friday, Lenovo reported its revenue earnings for the third quarter of 2016, up 12 percent over the previous quarter and down 8 percent year-over-year as market conditions continue to remain challenging.
The company’s pre-tax income was $168 million while net income was $157 million. This is in contrast to an $842 million pre-tax loss in the second quarter of last year and a $714 million net loss during the same quarter.