🔴 Lenovo Group is trading 10.77% down today after US$609 million loss tied to warrant revaluation

Lenovo Group is trading at HK$31.14, down 10.77%, after reporting a US$609 million attributable loss, primarily from a US$1.7 billion non-cash warrant revaluation.

• Quarterly revenue jumped 43% to US$26.94 billion, while adjusted net income rose 176%.
• Shares reversed sharply from their August 13 earnings-driven surge after climbing as much as 22%, as continuing memory-cost risks encouraged profit-taking.