Teledyne Technologies reports lower first quarter sales
Teledyne Technologies, based in Thousand Oaks, announced a drop in first quarter sales compared to the same period last year. In a May 5 statement, the company said first quarter sales fell from $565 million in 2015 to $530.5 million in 2016. Net income fell from $43.7 million, or $1.20 per diluted share, to $38.4 Read More →
U.S. unlikely to experience negative interest rates
Story updated at 10:30 a.m.: The U.S. is unlikely to experience negative interest rates, Federal Reserve Bank of St. Louis President and CEO James Bullard said at the UC Santa Barbara Economic Summit at the Granada Theater on May 5. He said U.S. labor market strength justifies the Fed’s vision of gradually rising rates and Read More →
Salem Media beats revenue estimates but misses on earnings per share
Salem Media Group beat analyst revenue estimates but missed earnings per share estimates when it reported first quarter earnings May 4. Salem Media Group, a Camarillo-based Christian and conservative radio operator, reported revenues of $64.6 million, up from $61.9 million in 2015, which topped analyst estimates of $63.43 million, according to S&P Capital IQ. Net Read More →
MindBody hits net loss per share estimate
MindBody exceeded analysts’ revenue estimates and hit analysts’ net-loss-per-share estimates when it reported first quarter earnings May 3. MindBody, a San Luis Obispo-based developer of yoga and fitness merchant processing software, posted first quarter revenues of $32 million, exceeding analyst estimates of $30.28 million, up from $22.26 million in 2015, according to S&P Capital IQ. Read More →
LTC Properties beat first quarter revenue estimates
Westlake Village-based LTC Properties beat analyst projections of revenue and funds from operations in its 2016 first quarter earnings report. The publicly traded real estate and investment trust earned $31.88 million in revenue, up from $26.68 million in the first quarter of 2015, surpassing analyst projections by $820,000. LTC Properties funds from operations per common share Read More →
Dole Foods faces criminal investigation over listeria outbreak
Westlake Village-based Dole Foods is facing a criminal investigation from the U.S. Department of Justice over a listeria outbreak that killed four people. The Wall Street Journal first reported the news April 29. In January, Dole Foods suspended production at its Springfield, Ohio, processing facility and removed products from 23 U.S. states and three Canadian Read More →
Kahn elected chairman of Santa Ynez Band of Chumash Indians
Kenneth Kahn was named new tribal chairman of the Santa Ynez Band of Chumash Indians late April 28 following a special election to replace Vincent Armenta, who resigned in March. Kahn, 39, was first elected to the tribal leadership team in March 2003 when he was 25, making him the youngest person to ever serve Read More →
