LTC Properties hits FFO projections, misses on revenue
Westlake Village-based LTC Properties matched analyst projections on funds from operations but missed on revenue in its second quarter earnings. The publicly traded real estate and investment trust earned $29.2 million in FFO for the second quarter, up 22 percent from $24 million for the comparable 2015 period. That matched analyst expectations of 77 cents per diluted Read More →
Land O’Lakes completes Ceres acquisition
Minneapolis-based Land O’Lakes completed its acquisition of Thousand Oaks-based ag-biotech company Ceres on Aug. 1. On June 17, Land O’Lakes, an ag and food conglomerate that had $13 billion in sales in 2015, announced it would buy Ceres for $17.2 million. For about two decades, Ceres had been devoted to developing biofuels using crops like Read More →
CFO of Goleta’s Resonant leaves company
Goleta-based Resonant, a designer of filters for radio frequency front-ends, announced July 29 that John Philpott, the company’s chief financial officer, has left the company for personal reasons. Ross Goolsby of Bridgepoint Consulting will join the company Aug. 1 and will become interim CFO after the company files its form 10-Q for the second quarter. Read More →
Community West Bancshares second quarter income up over last year
Community West Bancshares, the parent company of Goleta-based Community West Bank, reported net income of $1.1 million in the second quarter of 2016, up from a net loss of $2.3 million in the second quarter of 2015. “Our momentum during the first half of the year has been fueled by robust loan and deposit growth, Read More →
Pacific Coast Business Times stock index yields big return
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Report recommends conditions for proposed Oxnard peaker plant
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Dubroff: Voters back green energy but may balk at higher bills
This has been a big year for green energy. Anti-nuclear groups are celebrating an agreement to close Diablo Canyon nuclear plant near San Luis Obispo, solar costs are on par with conventional resources and a big wind turbine project offshore at Morro Bay is moving rapidly through the approval process. The Public Policy Institute of Read More →
