BUZZ- China's Lenovo falls on worse-than-feared Q4 profit drop

Reuters
05-22
BUZZ- China's Lenovo falls on worse-than-feared Q4 profit drop

** China's Lenovo Group 0992.HK falls 4.8% to HK$9.63; on course to snap four straight sessions of gains

** Stock set for biggest one-day pct drop since April 7; top pct loser on Hang Seng China Enterprises Index .HSCE, which is down 1%

** World's largest personal computer maker reports worse-than-feared drop in Q4 profit, which, according to the co, was mostly due to a non-cash decline in value of warrants

** Revenue of $16.98 bln beats analysts' estimate of $15.6 bln

** YTD, stock down 4.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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