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 →
Tri-county companies ride health-foods boom
Producers of organic and natural foods in the Tri-Counties are seeing robust consumer demand despite higher production and retail costs for some of their products, a panel of speakers said at a breakfast meeting Wednesday. The event was hosted by the Association for Corporate Growth at the Westlake Village Inn. Scott Deardorff, fourth-generation owner and 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 →
Updated: Gallegly talks about new CLU public policy center
Retired Congressman Elton Gallegly, R-Simi Valley, will lead a $3 million fundraising campaign for the newly established Gallegly Center for Public Service and Civic Engagement at California Lutheran University. During a telephone chat with the Business Times, Gallegly said he hopes to forge close ties between the Thousand Oaks public policy center and the nearby Read More →
Powell urges sequester compromise at speech in SB
Saying that “you couldn’t run a 7-11 the way we are running the country,” former Secretary of State Colin Powell urged the White House and Congress to work together to end the budget cuts set to kick in at midnight on March 1. Speaking at Westmont College’s annual President’s Breakfast in Santa Barbara on Friday 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 →
