Lenovo shares soar as Q2 results beat forecasts

Lenovo Group Ltd saw its shares surge by as much as 6 percent in Friday's trading after the Chinese tech heavyweight reported profits and revenue that beat analysts' expectations.

The Beijing-based company's shares rose to HK$4.9(62 cents) after it posted profits of $77 million in the quarter ended June, a significant turnaround from the $72.3 million loss reported for the same period a year earlier.

The Q2 figure was higher than the average estimate of $59.37 million from six analysts in a Thomson Reuters poll.