Salem Media beats revenue estimates but misses on earnings per share
Salem Media Group beat analyst revenue estimates but missed earnings per share estimates when it reported first quarter earnings May 4. Salem Media Group, a Camarillo-based Christian and conservative radio operator, reported revenues of $64.6 million, up from $61.9 million in 2015, which topped analyst estimates of $63.43 million, according to S&P Capital IQ. Net Read More →
MindBody hits net loss per share estimate
MindBody exceeded analysts’ revenue estimates and hit analysts’ net-loss-per-share estimates when it reported first quarter earnings May 3. MindBody, a San Luis Obispo-based developer of yoga and fitness merchant processing software, posted first quarter revenues of $32 million, exceeding analyst estimates of $30.28 million, up from $22.26 million in 2015, according to S&P Capital IQ. Read More →
LTC Properties beat first quarter revenue estimates
Westlake Village-based LTC Properties beat analyst projections of revenue and funds from operations in its 2016 first quarter earnings report. The publicly traded real estate and investment trust earned $31.88 million in revenue, up from $26.68 million in the first quarter of 2015, surpassing analyst projections by $820,000. LTC Properties funds from operations per common share Read More →
Dole Foods faces criminal investigation over listeria outbreak
Westlake Village-based Dole Foods is facing a criminal investigation from the U.S. Department of Justice over a listeria outbreak that killed four people. The Wall Street Journal first reported the news April 29. In January, Dole Foods suspended production at its Springfield, Ohio, processing facility and removed products from 23 U.S. states and three Canadian Read More →
Kahn elected chairman of Santa Ynez Band of Chumash Indians
Kenneth Kahn was named new tribal chairman of the Santa Ynez Band of Chumash Indians late April 28 following a special election to replace Vincent Armenta, who resigned in March. Kahn, 39, was first elected to the tribal leadership team in March 2003 when he was 25, making him the youngest person to ever serve Read More →
UCLA Health Services buys medical office building in Thousand Oaks
The UCLA Board of Regents has paid more than $10 million to buy a medical office building from TR Funding, LLC, of Westlake Village that houses UCLA Health Services at 100 Moody Court in Thousand Oaks. The 23,614-square-foot building has been home to a UCLA Health medical clinic since 2013, offering primary and specialty care Read More →
Resonant raises $6 million as it tries to stay afloat
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