China's Lenovo posts first revenue decline in 10 quarters as market hits brakes

Lenovo's total revenue during the July-September quarter was $17.09 billion, down 4% from the same quarter a year ago, the company said on Thursday, but coming above an average Refinitiv estimate drawn from seven analysts.

Reuters

November 03, 2022 / 10:02 IST

China's Lenovo Group (0992.HK) reported its first revenue decline in 10 quarters as a pandemic-fuelled sales boom comes to an end and production remains hamstrung by COVID-19 lockdowns at home.

Lenovo's total revenue during the July-September quarter was $17.09 billion, down 4% from the same quarter a year ago, the company said on Thursday, but coming above an average Refinitiv estimate drawn from seven analysts.

Reuters

first published: Nov 3, 2022 10:02 am

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