China's computer and smartphone giant, Lenovo, has reported a net loss of $714m (£469m) after being hit by restructuring costs.
Second-quarter earnings were affected by charges of $923m related to job cuts and clearing stocks of smartphones.
However, the loss was not as large as forecast and the firm's revenue rose 16% to $12.2bn.
Lenovo, which is the world's biggest PC maker, saw its Hong Kong-listed shares rise more than 5% on the news.