Lenovo swings to forecast-beating first-quarter profit

HONG KONG (Reuters) - Chinese PC maker Lenovo Group <0992.HK> swung to a profit and beat estimates in the first quarter on Thursday, helped by a sharp jump in revenue.

Net profit came in at $77 million for the three months ended in June, compared with a loss of $72.3 million in the same period a year.

That was ahead of an average estimate of $59.37 billion from six analysts polled by Thomson Reuters I/B/E/S.

Revenue rose 19 percent from a year earlier to $11.91 billion, compared with an average analyst estimate of $11.26 billion.

(Reporting by Sijia Jiang and Donny Kwok; Editing by Edwina Gibbs)