Lenovo Group (OTCMKTS:LNVGY) Announces Quarterly Earnings Results

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

Lenovo Group Price Performance

Lenovo Group stock 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. The firm has a market cap 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 quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $26.15 and its two-hundred day simple moving average is $25.68. Lenovo Group has a 1-year low of $20.56 and a 1-year high of $33.57.

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.