Lenovo boosted by mobile business

Shares of Lenovo Group Ltd , the world’s largest PC maker, rose 2 percent on Thursday after it delivered its second-best quarterly earnings that also beat forecasts thanks to swift expansion in its mobile computing business.

Lenovo shares rose 2 percent to HK$7.71, outperforming the Hang Seng Index’s 0.3 percent gain.

Lenovo’s April-June net profit was $174 million, beating a consensus estimate of $166.0 million.

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Lenovo boosted by mobile business