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Lenovo Profit Misses After Global PC Downturn Deepens

Lenovo Profit Misses After Global PC Downturn Deepens
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Lenovo Dives Most in Three Months After PC Slump Wallops Profit

(Bloomberg) Lenovo Group Ltd. fell its most in nearly three months after missing profit estimates for the second straight quarter, underscoring the depth of a global electronics market downturn.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGoldman Sachs Blames Zero-Day Opt ....

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Lenovo profit misses after global PC downturn deepens

Lenovo said the unusual action of clearing inventory weakened profitability for its main business unit ....

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