Lenovo shares jump more than 4 pct after earnings beat forecast

Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 per cent after it reported a forecast-beating 90 per cent rise in quarterly profit, its fastest in seven quarters.

The stock rose as much as 4.3 per cent in afternoon trade to HK$7.49 after it posted net profit of US$126.9 million (HK$984.9 million) in the quarter ended in March, up from US$66.8 million (HK$518.4 million) a year earlier, based on Reuters calculations using full-year and nine-month financial data.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1244086/lenovo-shares-jump-more-4-pct-after-earnings-beat