Lenovo shares up 2 percent after fiscal first quarter net beats estimates

(Reuters) – Shares of Lenovo Group Ltd (0992.HK ), the world’s largest PC maker, rose 2 percent on Thursday after it delivered its second-best quarterly earnings that also beat forecasts thanks to swift expansion in its mobile computing business.

Lenovo shares rose 2 percent to HK$7.71, outperforming the Hang Seng Index’s .HSI 0.3 percent gain.

Lenovo’s April-June net profit was $174 million, beating a consensus estimate of $166.0 million.

(Reporting by Lee Chyen Yee- Editing by Anne Marie Roantree)