Laws, sausages, and earnings articles

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 to rank behind market leader Hewlett Packard Co 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!