Dole to appeal $59M fine
Westlake Village-based Dole Food Co. said it will appeal to Europe’s highest court after a lower-court decision that upholds a $59.8 million fine levied by the European Union over allegations that the fresh fruit company colluded with German banana importers to fix prices. The decision, issued by the E.U.’s General Court, upheld the fine of Read More →
Smaller Dole reports Q4 loss
A much-smaller Dole Food Co. reported a fourth-quarter loss and lower profits in 2012. The Westlake Village-based produce giant sold its worldwide packaged foods and Asian fresh foods business to Itochu Corp. out of Japan for $1.7 billion in cash earlier this year. With its packaged-foods business sold, the new Dole has a much smaller Read More →
Limoneira lost $3.1M in Q1
Limoneira Co., a Santa Paula-based lemon grower and land developer, reported a wider first-quarter loss on March 12 despite higher revenue. Limoneira lost $3.1 million in the first quarter of 2013, compared to a $2.8 million loss a year earlier. The company pinned the wider loss on lower lemon prices and the seasonality of its Read More →
Semtech sets sales record, shares soar
[wikichart align=”right” ticker=”NASDAQ:SMTC” showannotations=”true” livequote=”true” startdate=”06-09-2012″ enddate=”06-03-2013″ width=”300″ height=”245″] Camarillo-based Semtech beat analyst expectations for revenue and profits for its most current fiscal year and raised its sales prediction for the next quarter, sending shares up more than 11 percent in after-hours trading. Semtech said its full-year revenue came to $578.8 million, up 20.4 percent Read More →
Deckers earnings dropped 36% in 2012
Shares of Deckers Outdoor Corp. shot up 7.4 percent in after-hours trading as the Goleta firm predicted 2013 revenue will increase 7 percent over last year’s levels. Deckers earned $98 million in the fourth quarter, a 22.9 percent decline over a year earlier. Diluted earnings per share were $2.77 compared to $3.18 a year earlier, Read More →
CalAmp to offer 4.2M shares to fund acquisition
CalAmp said Feb. 11 that it plans to sell 4.2 million shares of common stock in an underwritten public offering that could raise about $40 million for the Oxnard-based wireless products maker. The proceeds would be used to partially fund the purchase of Wireless Matrix Corp., a $53 million all-cash deal announced in December. Canaccord Read More →
