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Lenovo sees third quarter profit slide
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Old 20th February 2017, 05:58   #1
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Default 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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