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News Breaks
January 24, 2013
08:34 EDTAVXAVX reports preliminary Q3 EPS 12c, consensus 16c
Reports preliminary Q3 revenue $339.9M, one estimate $353.6M. The company said, "The quarter reflected overall macro economic conditions as we saw weakness from the second quarter in terms of revenue. The bookings were more upbeat late in the quarter, indicating potential improvements in the subsequent quarter. This optimism was bolstered by the largest order backlog build we have seen this year."
News For AVX From The Last 14 Days
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January 27, 2016
08:31 EDTAVXAVX says jury finds Greatbatch incurred damages totaling $37.5M in case
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January 26, 2016
17:35 EDTAVXGreatbatch awarded $37.5M in patent infringement case against AVX
Greatbatch (GB) announced that a jury in the United States District Court for the District of Delaware returned a verdict finding that AVX Corporation (AVX) and AVX Filters Corporation infringed two Greatbatch patents, and in the process awarded Greatbatch $37.5M in damages. The complaint, filed in April 2013, alleged that AVX had infringed Greatbatch patents by manufacturing and selling filtered feedthrough assemblies used in implantable pacemakers and cardioverter defibrillators that incorporate its patented technology. During trial, Greatbatch presented evidence that certain AVX products infringed claims of U.S. Patent Nos. 5,905,627 and 5,333,095. In advance of trial, the Court determined that the jury should also include damages for infringement of U.S. Patent No. 6,888,715. In awarding Greatbatch $37.5M in damages, the jury also confirmed the validity of Greatbatch's asserted patents, as well as two other Greatbatch patents that AVX had challenged.
08:32 EDTAVXAVX Corporation reports preliminary Q3 non-GAAP EPS 17c, two estimates 17c
Reports preliminary Q3 revenue $287M, one estimate $292.7M.

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