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Semtech earnings on track after layoffs

By   /  Thursday, August 21st, 2014  /  Earnings, Latest news, Technology, Tri-County Public Companies, West Ventura County  /  No Comments

Shares of Camarillo-based chipmaker Semtech Corp. were up 4.8 percent after the company announced stronger-than-expected sales and profits. Semtech, which uses a fiscal year that ends in January each year, said Aug. 20 that its second-quarter fiscal 2015 revenues were $145.7 million, up 10 percent from the previous quarter but down 12 percent from the […]

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Profits rise at PennyMac firms

By   /  Wednesday, August 6th, 2014  /  Earnings, East Ventura County, Latest news, Real Estate, Tri-County Public Companies  /  No Comments

Moorpark-based PennyMac Financial Services said profits rose to $51.4 million on revenue of $130.4 million for the second quarter, beating Wall Street expectations for both measures.

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LTC beats on revenues, meets on profits

By   /  Wednesday, August 6th, 2014  /  Earnings, Health Care, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Westlake Village-based LTC Properties beat revenue estimates in the second quarter as its funds from operations were up 17.8 percent to $22.5 million, or 64 cents per common diluted share, meeting Wall Street expectations.

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Conversant profits on track, extends buybacks

By   /  Wednesday, August 6th, 2014  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

Westlake Village-based digital marketing firm Conversant stayed on track with earnings but slightly missed Wall Street’s revenue targets as it committed to returning $150 million more in cash to shareholders through stock buybacks.

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Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ

By   /  Tuesday, July 29th, 2014  /  Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public Companies  /  3 Comments

Thousand Oaks-based biotech giant Amgen is the region's largest private employer and only blue-chip stock. (Amgen courtesy photo)

Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that […]

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Community West Bank profits fall 19.8 percent

By   /  Friday, July 25th, 2014  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off

Goleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.

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Teledyne revenues dip as profits, outlook rise

By   /  Friday, July 25th, 2014  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off

Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.

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