Calavo Growers buys production facility in Riverside
Agribusiness, Latest newsSanta Paula-based avocado and fresh produce grower Calavo Growers completed the $19.4 million purchase of a 128,000-square-foot production facility in Riverside, the company announced on Nov. 3. The acquisition, which was secured in a 1031 exchange, will help Calavo increase its national footprint for its Renaissance Food Group LLC business segment. The facility at 1730 Read More →
PennyMac beats analyst estimates for third quarter earnings
Earnings, Latest news, Real Estate, Tri-County Public CompaniesMoorpark-based PennyMac Financial Services reported a $122.3 million profit on revenue of $291.4 million for the third quarter, exceeding Wall Street expectations on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of $1.06 cents per diluted Read More →
Inogen sales, profits soar in third quarter
Earnings, Health Care & Life Science, Latest news, Technology, Tri-County Public CompaniesInogen revenues, profits and earnings per share were up for the third quarter, the company announced Nov. 3. Inogen, a Goleta-based manufacturer of direct-to-consumer respiratory products, said revenues increased 33 percent during the quarter from $40.7 million during the same quarter last year to $54.4 million in 2016, which topped analyst revenue estimates of $47.9 Read More →
Inphi tops expectations for third quarter
Earnings, Latest news, Technology, Tri-County Public CompaniesInphi beat Wall Street expectations on revenue in its third quarter earnings report. The Thousand Oaks semiconductor design company reported $70.7 million in revenue on a U.S. generally accepted accounting principles (GAAP) basis, exceeding projections of $67.9 million. That was up 49 percent from $47.4 million in the third quarter of 2015. The growth of Read More →
Teledyne sales dip but profits up for third quarter
Earnings, Latest news, Technology, Tri-County Public CompaniesThousand Oaks-based industrial conglomerate Teledyne Technologies saw sales dip but profits increase during the third quarter, according to figures released Nov. 3. Revenues for the company dipped to $526.8 million in the third quarter, compared to $551.7 during the third quarter of 2015. That missed analyst revenue estimates of $553 million, according to S&P Capital Read More →
LTC Properties beat analysts’ revenue estimates
Latest news, Real EstateWestlake Village-based LTC Properties beat analyst projections of revenue and matched funds from operations estimates in its third quarter earnings report. The real estate and investment trust reported $33.8 million in revenue, up from $28.5 million in the third quarter of 2015, surpassing analyst projections by $110,000. LTC Properties funds from operations per common share were Read More →
Buena Vista Apartments in Paso Robles sell for $5.8 million
Latest news, Real EstateThe 142-unit Buena Vista Apartments in Paso Robles sold for more than $5.8 million. The 202,299-square-foot multifamily property at 708-1002 Experimental Station Road is on 12.5 acres adjacent to Highway 46 just east of downtown. MBK Rental Living LLC purchased the property from Arjun Buena Vista Properties LLC, which was represented by Lee & Associate’s Read More →
