Inphi tops expectations for third quarter
Earnings, Latest news, Technology, Tri-County Public CompaniesInphi beat Wall Street expectations on revenue in its third quarter earnings report. The Thousand Oaks semiconductor design company reported $70.7 million in revenue on a U.S. generally accepted accounting principles (GAAP) basis, exceeding projections of $67.9 million. That was up 49 percent from $47.4 million in the third quarter of 2015. The growth of Read More →
Teledyne sales dip but profits up for third quarter
Earnings, Latest news, Technology, Tri-County Public CompaniesThousand Oaks-based industrial conglomerate Teledyne Technologies saw sales dip but profits increase during the third quarter, according to figures released Nov. 3. Revenues for the company dipped to $526.8 million in the third quarter, compared to $551.7 during the third quarter of 2015. That missed analyst revenue estimates of $553 million, according to S&P Capital Read More →
LTC Properties beat analysts’ revenue estimates
Latest news, Real EstateWestlake Village-based LTC Properties beat analyst projections of revenue and matched funds from operations estimates in its third quarter earnings report. The real estate and investment trust reported $33.8 million in revenue, up from $28.5 million in the third quarter of 2015, surpassing analyst projections by $110,000. LTC Properties funds from operations per common share were Read More →
Buena Vista Apartments in Paso Robles sell for $5.8 million
Latest news, Real EstateThe 142-unit Buena Vista Apartments in Paso Robles sold for more than $5.8 million. The 202,299-square-foot multifamily property at 708-1002 Experimental Station Road is on 12.5 acres adjacent to Highway 46 just east of downtown. MBK Rental Living LLC purchased the property from Arjun Buena Vista Properties LLC, which was represented by Lee & Associate’s Read More →
HUB International acquires Riviera Insurance
Latest newsChicago-based HUB International Insurance Services acquired Riviera Insurance Services in Santa Barbara, Hub announced on Nov. 1. Riviera’s Chris Hill and Steve Woodward, along with their staff, will join a team of more than 40 Tri-County brokers from San Luis Obispo to Westlake Village. Riviera will continue to operate from its location at 418 Chapala Read More →
More than 2,500 people turn out for Latino Business Expo
Latest news, Small BusinessMore than 2,500 people from Ventura County attended the Latino Business Expo on Oct. 27 at the Ventura County Fairgrounds. The twice-a-year event featured exhibits from 122 businesses and nonprofits. Among the more popular displays were those for Tequila Alquimia and rival spirits maker Sin Rival — both were handing out free samples. Businesses in Read More →
Net income up at Community West Bancshares
Banking & Finance, Banking Industry, Earnings, Latest newsCommunity West Bancshares said third quarter net income was $1.5 million, up from $1.1 million in the second quarter and on pace with year-earlier earnings. For the nine months ended Sept. 30, the bank reported net income of $3.9 million versus $1 million for the prior year; loans grew 12.9 percent to $601.9 million on Read More →
