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|20th February 2017, 05:58||#1|
Join Date: May 2010
Lenovo sees third quarter profit slide
The world's largest personal computer maker, Lenovo, posted a 67 percent slide in third-quarter net profit.
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 that the cocaine nose jobs of Wall Street predicted. Revenue fell six percent to $12.2 billion.
The outfit blamed component supply constraints across the industries, in addition to a challenging macro environment and global markets.
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