Lenovo's Q3 revenue jumps 20% as PC industry recovers

FILE PHOTO: An employee gestures next to a Lenovo logo at Lenovo Tech World in Beijing, China November 15, 2019. REUTERS/Jason Lee/File Photo

BEIJING (Reuters) -Lenovo on Thursday reported a 20% rise in third-quarter revenue as the global personal computer industry showed signs of recovery.

The Chinese technology company, whose main business is making and selling personal computers, reported revenue of $18.8 billion for the quarter ended December 31. That exceeded analysts' expectations of $17.82 billion, LSEG data showed.