Teledyne sales fall but earnings per share beat analyst estimates
Latest news, TechnologyThousand Oaks-based industrial conglomerate Teledyne Technologies saw sales slip for the fourth consecutive quarter but still beat analyst estimates for earnings per share when it released results Feb. 4. Teledyne sales fell 3.6 percent during the fourth quarter from $622.3 million in 2014 to $600 million in 2015. Sales also fell 4 percent during the Read More →
PennyMac beats profit expectations but misses on revenue
Banking & Finance, Banking Industry, Latest newsMoorpark-based PennyMac Financial Services reported a $68.9 million profit on revenue of $187.2 million for the fourth quarter, beating Wall Street expectations on profit but missing on revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported a profit 58 cents per share Read More →
Oxnard-based CalAmp buys LoJack for $134 million
Latest news, TechnologyOxnard-based CalAmp completed its hostile takeover of Canton, Mass.-based LoJack on Feb. 1 by buying LoJack for $134 million. CalAmp makes wireless devices for the vehicle and transportation industries while LoJack makes theft recovery systems for cars, trucks and construction equipment. CalAmp had discussions with LoJack for 14 months prior to December 2015 and made Read More →
Heritage Oaks Bancorp misses fourth-quarter estimates
Banking & Finance, Banking Industry, Earnings, Latest newsPaso Robles-based Heritage Oaks Bancorp earnings missed analyst estimates for the fourth quarter but earnings were significantly up on the year. Heritage Oaks reported net income of $3.5 million, or 10 cents per share, for the fourth quarter. That missed analyst expectations of 11 cents per share and was down from $4.2 million net earnings, Read More →
Amgen Tour of California to include Thousand Oaks to Santa Barbara leg
East Ventura County, Health Care & Life Science, Latest news, Tourism, Tri-County Public CompaniesOrganizers of the 12th annual Amgen Tour of California bicycle race announced the full route on Jan. 28. The 2016 race will run 782.7 miles from San Diego to Sacramento from May 15 to May 22. This year will also be just the second time out of 11 previous races that the route runs south Read More →
Amgen revenues up 8 percent in 2015
Earnings, East Ventura County, Health Care & Life Science, Latest news, Top Stories, Tri-County Public CompaniesDespite increased competition from biosimilars and blockbuster mergers by its rivals, Amgen revenues rose 8 percent to $21.67 billion in 2015 from $20.06 billion in 2014. Thousand Oaks-based biotech giant Amgen released its fourth-quarter earnings after markets closed on Jan. 28. Quarterly revenues were also up 4 percent to $5.54 billion in 2015 from $5.33 Read More →
Montecito Bank & Trust profits up 21 percent in 2015
Banking & Finance, Banking Industry, Earnings, Latest newsSanta Barbara-based Montecito Bank & Trust reported net income of $15.9 million for 2015, up from $13.1 million in 2014. Total gross loans grew 17 percent year-over-year, totaling $711 million on Dec. 31. Total assets were up $53 million in 2015 to $1.2 billion. Total deposits increased 4.5 percent to $1.1 billion, up $48 million. Read More →
