NEW YORK (TheStreet) -- Shares of Lenovo Group Limited (LNVGY) are up 3.65% to $24.43 after reporting a 25% increase in fourth quarter profit as its desktop personal computer models and mobile devices increased market share worldwide.
Their net income jumped to $158.3 million in the three months ended March from $126.9 million a year earlier. the company said. That compared with the $163.6 million average of nine analysts' estimates compiled by Bloomberg.
Lenovo's sales were $9.4 billion from $7.83 billion a year earlier. That beat the $9 billion average of 21 analysts' estimates compiled by Bloomberg.
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