Amgen shares drop after earnings release and disclosure of $5B tax dispute
When Thousand Oaks-based Amgen released its financial results for the first quarter of 2022 on April 27, the biggest surprise didn’t come from its dip in net profits or rise in revenue, but from a tax dispute with the Internal Revenue Service. Amgen said it received a notice of deficiency from the IRS on April Read More →
Teledyne reports record revenue, earnings beat in Q1
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Real Estate: $21.5M medical building sells in Agoura Hills
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Orfalea reflects on childhood, Kinko’s sale, and his ‘one measure of success’
Paul Orfalea still hasn’t forgiven the alphabet. “I think it’s chickenshit, the alphabet,” the Kinko’s founder told a lunchtime meeting of the Rotary Club of Ventura-South on April 25, at the Tower Club atop the Topa Financial Plaza in Oxnard. “ ‘GH’ is an ‘F,’ ‘PH’ is an ‘F’, and ‘F’ is an ‘F.’ Why Read More →
Bank of the Sierra reports drop in income
Sierra Bancorp, a Porterville-based banking company with nine branches in the Tri-Counties, reported its net income dropped more than 30% for the first quarter of 2022, compared with the same quarter a year ago. Net income was $7.4 million, or 49 cents per diluted share, for the quarter ended March 31, compared with $11.1 Read More →
Assets and earnings up at American Riviera Bank
American Riviera Bank, based in Santa Barbara, reported net income of $3.2 million for the quarter ended March 31, a 23% increase over the same period last year. Net income for the first quarter totaled 61 cents per share, compared with 50 cents per share a year earlier, according to the earnings statement the bank Read More →
Street Smarts: I Madonnari returns to Santa Barbara; EXPO returns to the Expo Center in SLO
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