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

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

Lenovo Group Stock Performance

LNVGY stock traded down $1.08 during trading hours on Friday, hitting $30.91. 60,099 shares of the stock were exchanged, compared to its average volume of 146,432. Lenovo Group has a 12 month low of $20.56 and a 12 month high of $33.57. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $19.17 billion, a P/E ratio of 16.62, a P/E/G ratio of 0.70 and a beta of 0.75. The company has a 50-day simple moving average of $26.15 and a two-hundred day simple moving average of $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.