Beijing time on the 1st Bloomberg said that due to business expenses and US tax reform led to the cost of 400 million US dollars dragged down, Lenovo unexpected quarterly loss.
The world's second-largest producer of personal computers (PC) reported a net loss of $ 288.8 million in the three months to December, while analysts averaged a profit of $ 124.5 million, according to data compiled by Bloomberg Quarter earnings rose 6% to 12.94 billion U.S. dollars, estimated at 12.5 billion U.S. dollars.
Quarter of global PC shipments achieved the first increase in six years - despite the growth rate of less than 1%, but research firm IDC data show that the number one Hewlett-Packard expanded its relative association leading edge Lenovo in 4 years Former US $ 2.9 billion purchase of Motorola Mobility from Google has not yet found a breakthrough on the basis of Lenovo's mobile phone business and Lenovo's data center business is still being hit by its domestic competitors.
Anand Srinivasan and Wei Mok, Bloomberg industry research analysts, said higher memory chip costs will weigh on the profitability of Lenovo's PC cash cow, writing before the earnings announcement that Lenovo's handset business is still weak with little market share, Sales and sales growth, loss may also be expanded.
Influenced by the Trump administration's tax reform, Lenovo made a lump sum payment of about $ 400 million, though the company said it would reduce the tax rate on its U.S. operations in the long run.
Lenovo shares fell 1.3% on Wednesday, thus narrowing this year's gains to 2.3%. The stock has dropped for three consecutive years.