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Lenovo Group Ltd. reported better-than-expected profit after companies accelerated PC purchases to get ahead of potential new US tariffs.
The world’s top PC maker said net income for the June quarter rose 108% to $505 million, beating the average of analysts’ estimates by a wide margin. That’s partly due to fair value gains from warrants issued earlier this year. Revenue climbed 22% to $18.8 billion versus an expected $17.6 billion.
Beijing-based Lenovo grew quarterly PC shipments 15%, outperforming competitors HP Inc. and Dell Technologies Inc.,…
