Lenovo Profit Rises 13% as Share Overtakes Hewlett-Packard
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Lenovo Group Ltd. boosted second-quarter profit 13 percent as it expanded market share to overtake Hewlett-Packard Co. in personal-computer shipments.
Net income climbed to $162 million in the three months ended Sept. 30 from $143.9 million a year earlier, Lenovo said in a statement today. That beat the $158.4 million average of eight analyst estimates compiled by Bloomberg.