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Stock Market & Financial Investment News

News Breaks
April 28, 2014
08:40 EDTAVXAVX reports preliminary Q4 EPS 23c, consensus 15c
Reports preliminary Q4 revenue $351.2M, consensus $354.95M. Chairman and CEO, John Gilbertson, stated, "We completed our fiscal year with improved results year over year in terms of both sales and income. Q4 reflected an increase in sales over Q3 indicating continued demand improvement. It has been a good year as we improved operating profit margins in a challenging market as a result of our focus on value added products for our customers, and diligent cost control."
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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