Lenovo Profit Falls 5 Percent on Motorola Acquisition

February 3, 2015 2:29 AM

17 0

Computer maker Lenovo Group says its latest quarterly profit declined 5 percent, reflecting its acquisition of the unprofitable Motorola mobile phone business.

Lenovo said Tuesday it earned $253 million, or $2.30 per share, in the three months ending in December. Revenue rose 31 percent to $14.1 billion.

Read more

To category page