BEIJING, May 22 (Reuters) - China's Lenovo ( LNVGF ) on

Thursday reported a 64% decline in fourth-quarter profit, which

it said was mostly due to a non-cash decline in the value of

warrants.

Lenovo ( LNVGF ), the world's largest personal computer manufacturer,

reported revenue of $16.98 billion for the quarter ended March

31. The figure exceeded analysts' expectations of $15.6 billion,

LSEG data showed.

Net profit to the company's owners came in at $90 million,

well short of analysts' estimate of $225.8 million.