This leaked out onto the Ruetres wire yesterday afternoon:
15:37 08Feb12 RTRS-HOLD-UPDATE 1-Lenovo Q3 net profit // slows for 3rd straight quarter
(Adds quotes, details)
* Q3 results up XX pct to hit record
* Weak Europe demand, Thai floods damp performance
* Lenovo shares XXX, lagging/outperforming market
HONG KONG, Feb 9 (Reuters) – Lenovo Group Ltd <0992.HK>, the world’s No.2 PC maker, posted a XX percent rise in third-quarter net profit, beating/meeting/missing expectations, with sales growth slowing for a third straight quarter because of weak global PC demand and a shortage of components.
Lenovo, which last year edged out Dell Inc <DELL.O> to rank behind market leader Hewlett Packard Co <HPQ.N> in PC sales, will need to strategise to grab more market share in the fast-growing tablet PC and smartphones sector as traditional PCs and laptops have become commoditised.
Look at those Lenovo shares XXXing! They’re massively lagging/outperforming the market!