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LTC sees big revenue drop after rent losses

By   /  Friday, July 31st, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC sees big revenue drop after rent losses

LTC Properties’ net income dropped more than 90 percent from the second quarter of 2019 to the second quarter of 2020, as the Westlake Village-based senior-housing property investment trust wrote off $17.7 million in rent. LTC’s stock dropped after the July 31 earnings announcement. It opened at $38.38 on Aug. 1 and was at $36.78 Read More →

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Saalex, AeroVironment help NASA get to Mars with morning Perseverance launch

By   /  Thursday, July 30th, 2020  /  East Ventura County, Latest news, Technology, West Ventura County  /  Comments Off on Saalex, AeroVironment help NASA get to Mars with morning Perseverance launch

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Amgen meets analyst estimates, but shares drop on Q2 earnings decline

By   /  Tuesday, July 28th, 2020  /  Banking & Finance, Biotech, Earnings, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen meets analyst estimates, but shares drop on Q2 earnings decline

Amgen’s revenues climbed 6 percent in the second quarter, to $6.2 billion, despite the COVID-19 pandemic limiting hospital and physician operations and putting a hitch in diagnosis and treatment for many patients. Amgen’s earnings, announced July 28, met average analyst estimates. However, a 17 percent overall decline in net income for the Thousand Oaks biotech Read More →

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Teledyne stock climbs as Q2 earnings beat analyst estimates

By   /  Wednesday, July 22nd, 2020  /  Earnings, East Ventura County, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne stock climbs as Q2 earnings beat analyst estimates

Second-quarter sales for Thousand Oaks-based Teledyne Technologies dipped 5 percent to $743.3 million, and net income beat analyst estimates, sending the stock up 2.5 percent in early trading. Net income fell around 10 percent compared to the previous year’s second quarter to $93.7 million, or $2.48 per share, squarely beating analyst predictions of around $2 Read More →

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Amgen puts $421M into BeiGene

By   /  Monday, July 13th, 2020  /  Biotech, East Ventura County, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen puts $421M into BeiGene

Thousand Oaks biotech giant Amgen has upped its investment in Chinese oncology research firm BeiGene by $421 million. Amgen’s new investment, announced July 13, will allow the company maintain its ownership interest in BeiGene at 20.3 percent following a direct offering by the Chinese firm. Amgen shares rose more than 1 percent following the news Read More →

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Amgen’s growth over 40 years key to tri-county economy

By   /  Friday, July 3rd, 2020  /  Biotech, East Ventura County, left  /  Comments Off on Amgen’s growth over 40 years key to tri-county economy

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Business Forward Ventura County new resource hub

By   /  Thursday, July 2nd, 2020  /  East Ventura County, Education, Latest news, Small Business, West Ventura County  /  Comments Off on Business Forward Ventura County new resource hub

Business Forward Ventura County, a new resource hub for the region, is launching on July 7. The new hub replaces Ventura County Grows Business, which was developed by the Workforce Development Board. Business Forward Ventura County is designed to be a place where business leaders and owners can find resources, resource providers, business associations, news Read More →

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