{"id":609850,"date":"2023-02-20T00:51:45","date_gmt":"2023-02-20T06:51:45","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/20\/dow-jones-newswires-lenovo-shares-jump-as-tech-giant-guides-for-second-half-rebound\/"},"modified":"2023-02-20T00:51:45","modified_gmt":"2023-02-20T06:51:45","slug":"dow-jones-newswires-lenovo-shares-jump-as-tech-giant-guides-for-second-half-rebound","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/20\/dow-jones-newswires-lenovo-shares-jump-as-tech-giant-guides-for-second-half-rebound\/","title":{"rendered":"Dow Jones Newswires: Lenovo shares jump as tech giant guides for second-half rebound"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230219-701409\" role=\"document\">\n<p>Lenovo Group Ltd. shares<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/HK\/XHKG\/992\" href=\"http:\/\/www.marketwatch.com\/investing\/stock\/992?countryCode=HK&#038;mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">992,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205368244\/delayed\">+5.31%<\/bg-quote><\/a><br \/>\n       jumped in early trade on Monday, as investors shrugged off the latest drop in the Chinese technology giant\u2019s quarterly profit and looked forward to an expected rebound later in the year.<\/p>\n<p>The stock has gained as much as 7.2% and was last up 5.3% at 7.14 Hong Kong dollars (US$0.91).<\/p>\n<div>\n<p>The rally came after Lenovo, the world\u2019s largest personal-computer maker, on Friday posted a 32% profit drop for its fiscal third quarter, as PC sales fell amid weak consumer spending and declining electronics demand globally. The bottom-line decline was narrower than some analysts\u2019 expectations.<\/p>\n<p>The company\u2019s chief executive, in an interview with The Wall Street Journal on Friday, guided for resumed industry-wide sales growth from the second half of 2023, which would support Lenovo\u2019s earnings rebound. Global PC sales volume fell 16% last year, the sector\u2019s worst sales drop in over a decade, according to market research company Canalys.<\/p>\n<p>Analysts also pointed to the relative resilience in Lenovo\u2019s non-PC businesses, including server and IT-solutions operations. \u201cServer and solutions would remain as the bright spots, helping to mitigate PC weakness,\u201d Citi analysts said in a note. The two segments both delivered record-high profits during the October-December quarter.<\/p>\n<p>\u201cWe think further downside could be limited, and a potential demand stabilization and margin recovery from 2H 2023 would serve as positive catalysts,\u201d the Citi analysts said.<\/p>\n<\/p><\/div>\n<\/div>\n<p><a href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C0C4D5-7425-4434-F126-6370F1CA1FF6%7D&#038;siteid=rss&#038;rss=1\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Stephania Roberie<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenovo Group Ltd. shares 992, +5.31% jumped in early trade on Monday, as investors shrugged off the latest drop in the Chinese technology giant\u2019s quarterly profit and looked forward to an expected rebound later in the year. The stock has gained as much as 7.2% and was last up 5.3% at 7.14 Hong Kong dollars<\/p>\n","protected":false},"author":1,"featured_media":609851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[520,106746],"tags":[],"class_list":["post-609850","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jones","category-newswires"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/609850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=609850"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/609850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/609851"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=609850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=609850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=609850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}