Lenovo Posts Rise In Q3 Profit

Lenovo Group (OTC: LNVGY ) reported a 30% gain in its fiscal third-quarter net profit. Lenovo's quarterly net profit surged to $265.3 million, versus $204.9 million, in the year-ago period. Its revenue climbed 15% to $10.79 billion versus $9.36 billion. However, analysts were expecting earnings of $244 million. Lenovo shares closed at