1009 GMT - Lenovo Group's solid fiscal 1Q results should help offset tariff uncertainty, S&P Global Ratings analysts say in a note. The company benefited i the quarter from corporate purchases ahead of the end-of-life deadline for Windows 10 later this year, rather than from individual consumers amid a subdued macroeconomic environment, they say. Global PC shipment growth could slow in 2H 2025 with annual growth likely around 2%-3%, they add. Demand accelerated ahead of tariffs in the U.S. but is unlikely to persist in 2H, they add. S&P maintains its forecast for Lenovo to deliver single-digit profit growth in fiscal 2026. Shares last closed 3.05% higher at HK$11.15. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
August 18, 2025 06:09 ET (10:09 GMT)
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