Lenovo Group (OTCMKTS:LNVGY) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Lenovo Group (OTCMKTS:LNVGY) announced its quarterly earnings results on Thursday. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04, Zacks reports. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $15.77 billion.

Lenovo Group Trading Down 1.7%

Shares of Lenovo Group stock opened at $24.13 on Friday. The stock has a fifty day simple moving average of $24.11 and a 200 day simple moving average of $25.70. Lenovo Group has a 12-month low of $17.84 and a 12-month high of $35.09. The company has a market capitalization of $14.97 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.67 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

About Lenovo Group

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.