Is the world’s largest personal computer maker also a property developer? On Thursday, Lenovo reported a 64% increase in net income for the last quarter, far exceeding analysts’ estimates. The earnings beat, however, didn’t come from selling more computers, but from the sale of a property in Beijing. The transaction resulted in more than $120 million of capital gains, slipped into its operating profit, instead of being...

Source: Wall Street Journal August 18, 2016 08:37 UTC