San Luis Obispo acquires Waddell Ranch
Latest news, Real EstateThe city of San Luis Obispo completed the $1.1 million acquisition of the 154-acre Waddell Ranch to be conserved in perpetuity. The ranch contains the headwaters of Froom Creek and adjoins the city’s Irish Hills Natural Reserve. The deal, executed by the city of SLO, the Trust for Public Land and property owner Duane Waddell Read More →
Former El Torito property on waterfront sells for $7.2 million
Latest news, Real EstateThe former El Torito property on the Santa Barbara waterfront was sold for $7.2 million, Lee & Associates announced on Feb. 2. The owners are planning to re-tenant the space with a new undisclosed restaurant, the commercial real estate company said. The 9,500-square-foot space at 29 E. Cabrillo Boulevard has a 12,000-square-foot beachfront and sits Read More →
PennyMac Financial beats Wall Street’s earnings estimates
Earnings, Latest news, Real Estate, Tri-County Public CompaniesUpdated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →
OCB Bancorp reports strong fourth quarter earnings
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesOCB Bancorp, parent company of Ojai Community Bank and its divisions — Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank – reported net income of $1.28 million in the fourth quarter of 2016, an increase of $361,000 or 39 percent over 2015. Total loans finished the year at $209 million, an Read More →
Amgen beats analyst estimates for fourth quarter revenue
Earnings, Health Care & Life Science, Latest news, Technology, Tri-County Public CompaniesThousand Oaks-based biotech giant Amgen reported revenue of $6 billion in the fourth quarter of 2016, besting analyst estimates of $5.74 billion and increasing 8 percent from the fourth quarter of 2015. The world’s largest biotech drug maker posted total revenues of $23 billion on the year, up 6 percent from 2015. Revenue gains were Read More →
Net income down at Deckers Outdoor
Earnings, Latest news, Tri-County Public CompaniesDeckers Outdoor, a footwear and apparel company based in Goleta, declared $41.03 million in net income for its third quarter 2017, ended Dec. 31, down more than 73 percent from the third quarter of 2016. For the first nine months of its fiscal year, the company earned $21.41 million, down from $145.97 million for the Read More →
Teledyne Technologies reports decline in net income
Earnings, Latest news, Technology, Tri-County Public CompaniesThousand-Oaks based Teledyne Technologies reported a drop in net income for its fiscal year 2016 over the prior year, with a 7 percent fourth quarter drop in sales to $552.9 million. Net income from continuing operations came to $192.9 million, or $5.43 per diluted share, compared to $198 million in 2015, while total sales fell Read More →
