People stand under a sign showing the Lenovo company at a computer market in Shanghai January 21, 2014.
CREDIT: REUTERS/ALY SONG
Shares of Lenovo shed 2.46 percent in Thursday afternoon trade, compared with a 0.1 percent decline in the benchmark Hang Seng index.
Still, the Beijing-based company, tightened its hold over global PC sales even as the broader market shrunk. Sales of both laptops and desktop computers rose 0.9 percent and 6.4 percent, respectively.
Net income was $262 million, exceeding the $260 million expected by analysts, according to Thomson Reuters SmartEstimates.
The company also announced a dividend payment of HK$0.06 ($0.0077) per share to stockholders.
Lenovo is now ramping up its assault on new product markets after closing in recent weeks two multi-billion-dollar acquisitions for IBM's low-end server business and Google Inc's Motorola handset unit.
The company additionally named Jerry Yang, the Yahoo! Inc co-founder, to its board of directors. Yang, who is also an Alibaba Group Holding Ltd director, formerly served as a Lenovo board observer.
Source: Reuters
