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ibc

Re: None

Monday, 02/08/2016 4:40:19 PM

Monday, February 08, 2016 4:40:19 PM

Post# of 151656
Lenovo CFO says forex hurt the PC-maker's Q3 earnings but smartphone sales in India, EMs was strong
http://www.cnbc.com/2016/02/04/lenovo-cfo-says-forex-hurt-the-pc-makers-q3-earnings-but-smartphone-sales-in-india-ems-was-strong.html

The Chinese personal computer and phone-maker reported an 8 percent drop in third-quarter revenue to $12.9 billion, on slowing demand for computers and smartphones, even though net profit rose 18.5 percent to $300 million, beating forecasts.

The challenges included the "general economic environment, in particularly the foreign currency issue," Wong said.


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