Lenovo Group (OTCMKTS:LNVGY) Releases Quarterly Earnings Results, Beats Expectations By $0.47 EPS

Lenovo Group (OTCMKTS:LNVGY) posted its earnings results on Wednesday. The technology company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.47, Zacks reports. Lenovo Group had a return on equity of 19.49% and a net margin of 1.89%. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $17.85 billion.

Lenovo Group Stock Down 3.4 %

OTCMKTS:LNVGY traded down $1.08 during trading hours on Friday, hitting $30.91. 60,099 shares of the company traded hands, compared to its average volume of 146,432. Lenovo Group has a one year low of $20.56 and a one year high of $33.57. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The company has a market cap of $19.17 billion, a PE ratio of 16.62, a PEG ratio of 0.70 and a beta of 0.75. The firm’s 50-day simple moving average is $26.15 and its 200-day simple moving average is $25.68.

Lenovo Group Company Profile

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.