BEIJING—Lenovo Group Ltd., the world's largest personal-computer maker, said its net profit for its fiscal third quarter rose 18.6% from a year earlier, beating analyst expectations.

The Chinese consumer electronics company said net profit for quarter ended in December rose to $300 million from $253 million a year earlier.

The result came in above the $226.3 million average estimate of 19 analysts surveyed by Thomson One Analytics.

Revenue fell 8.5% to $12.9 billion from $14.1 billion.

Lenovo posted its first quarterly loss in more than six years in its fiscal second quarter on write-downs as it grappled with the integration of two U.S. acquisitions and a slowdown in growth for PCs and smartphones.

Lenovo spent roughly $4 billion in 2014 to buy the Motorola smartphone business from Google Inc. as well as International Business Machines Corp.'s x86 server unit.

Write to Eva Dou at eva.dou@wsj.com

(END) Dow Jones Newswires

February 03, 2016 03:25 ET (08:25 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
International Business M... (NYSE:IBM)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more International Business M... Charts.
International Business M... (NYSE:IBM)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more International Business M... Charts.