Conversant profits on track, extends buybacks
Westlake Village-based digital marketing firm Conversant stayed on track with earnings but slightly missed Wall Street’s revenue targets as it committed to returning $150 million more in cash to shareholders through stock buybacks.
Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ
Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →
Community West Bank profits fall 19.8 percent
Goleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.
Teledyne revenues dip as profits, outlook rise
Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.
Inogen shares rise on rosier outlook
Shares of Goleta-based Inogen soared 11.4 percent to $16.29 on May 14 after reporting stronger-than-expected profits and boosting its sales outlook for the year.
Ryland revenues soar on higher home sales
First-quarter profits at homebuilder The Ryland Group climbed 6.4 percent to $23.5 million, or 42 cents per share, as it sold more houses and at higher prices.
