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Stock Market & Financial Investment News

News Breaks
January 20, 2014
15:40 EDTLKQLKQ Corp. confirms patent lawsuit filed by Chrysler
LKQ Corporation confirmed that a complaint has been filed against it by Chrysler Group in the U.S. District Court in the Eastern District of Michigan. The lawsuit contends that certain aftermarket parts LKQ sells infringe Chrysler design patents relating to the Dodge Ram pickup truck. LKQ said, "We believe that the lawsuit is without merit and will defend it vigorously. Moreover, the parts we sell that allegedly relate to these design patents represent an immaterial amount of our revenue. They represent less than one-tenth of one percent (0.001) of our estimated 2013 total revenue and less than one-half of one-tenth of one percent (0.0005) of our estimated total revenue for all the years since the first patent was granted (2009 through 2013). We have forged mutually-beneficial business relationships with other auto manufacturers. As previously disclosed, we have had a license arrangement with Ford since 2009. The license arrangements allow us to sell aftermarket parts covered by certain patents in exchange for a license fee."
News For LKQ From The Last 14 Days
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February 26, 2015
11:08 EDTLKQLKQ Corp. drops sharply on earnings, outlook, levels to watch
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09:25 EDTLKQOn The Fly: Pre-market Movers
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07:15 EDTLKQLKQ Corp. appoints Dominick Zarcone as CFO
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07:14 EDTLKQLKQ Corp. sees FY15 EPS $1.36-$1.46, consensus $1.61
Sees FY15 organic revenue growth for parts & services 6.5%-9.0%. Referring to the FY15 EPS guidance CEO Robert Wagman commented, "The declines we saw in the foreign currency rates in the fourth quarter of 2014 have continued into the first quarter of 2015 with the British Pound, Euro, and Canadian Dollar all weakening compared to the U.S. Dollar. During that same period we have also seen the markets for scrap steel, copper and other commodities trend lower. We estimate that these headwinds will negatively impact 2015 EPS approximately 4c per share due to weaker foreign currencies and an additional 6c per share related to lower commodity prices compared to 2014."
07:12 EDTLKQLKQ Corp. reports Q4 EPS 26c, consensus 32c
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