ABU DHABI / WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince ...
Read More »Lenovo’s profit beat came from accounting gains
Lenovo Group Ltd.’s net income beat analysts’ expectations by $53 million, or 45 percent. While that upside surprise was helped by slightly stronger revenue and a slimmer operating-expense margin – from a reduction in sales and distribution costs – operating income benefited a lot from one-time accounting items. A fall in gross margin by 0.3 percentage points from a year ...
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