Underperforming stock price prompts Dole to put asset sales on menu
By staff and wire reports on May 18, 2012 A strategic review going on at Dole Food Co. could lead to a major overhaul and asset sales at the one of the biggest companies headquartered in the Westlake Village-Thousand Oaks corporate corridor. Amid disappointing results, Dole shares have struggled to get to double-digits, a thorn Read More →
ValueClick shares drop 22% on Q2 outlook
Shares of online advertising firm ValueClick plunged 22.2 percent after the Westlake Village-based firm projected lower-than-expected second-quarter revenues of between $155 million and $160 million. One analyst told Bloomberg News that the company is reducing traffic in its owned-and-operated website segment. ValueClick reported first-quarter profits of $21.6 million – 27.8 percent above the same quarter Read More →
Ryland trims first-quarter loss as home sales pop
National homebuilder Ryland Group narrowed its first-quarter loss to $3 million from $17.4 milllion as orders for new homes jumped 46.6 percent. Ryland’s revenue climbed 28.7 percent year-over-year to $215.9 million as home orders and closings rose in tandem with average closing prices. The company, which last year moved its headquarters to Westlake Village, said Read More →
Dole earnings beat outlook
Fruit producer Dole Food Co. reported an adjusted loss of $2 million, or 2 cents per share, from continuing operations, beating the 12-cent loss predicted by analysts on average. The recent loss compares to a $31 million, or 35 cent per-share, loss a year earlier. CEO David DeLorenzo said strong sales and a cost-reduction program Read More →
Dole buys natural snack company
Dole Food Co. has bought Mrs. May’s Naturals, a family-run company that makes natural snacks such as fruit-and-nut bars and freeze-dried fruit. Terms of the deal were not disclosed, but Westlake Village-based Dole said Mrs. May’s had 2011 revenues of about $16 million. Mrs. Mays was founded in 2002 by brothers Augustine and Michael Kim, Read More →
Under scrutiny, First California targets South Coast
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First California reports record 2011 earnings of $23.4M
[wikichart align=”right” ticker=”NASDAQ:FCAL” showannotations=”true” livequote=”true” startdate=”26-07-2011″ enddate=”26-01-2012″ width=”300″ height=”245″] Westlake Village-based First California Financial Group reported profits of $23.4 million in 2011, a company earnings record. A year earlier, it had earned $1.4 million. “Our record breaking performance in 2011 was driven by the combination of continued successful execution of our strategic plan that focuses Read More →
