Moneycontrol
HomeNewsWorldInternational ResultsChina's Lenovo posts first revenue decline in 10 quarters as market hits brakes
Trending Topics

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.

November 03, 2022 / 10:02 IST
Story continues below Advertisement

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.

Story continues below Advertisement
Reuters
first published: Nov 3, 2022 10:02 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!