Teledyne reports earnings dip
Despite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
NTSB: Night watch could have saved dive boat passengers
The sinking of the dive boat Conception in the Santa Barbara Channel last year and the death of 34 people on board was caused by the failure of Truth Aquatics, the boat’s owner, to properly oversee its vessel and crew, the National Transportation Safety Board ruled on Oct. 20. The boat, a 75-foot recreational diving Read More →
Earnings down, assets up at Community Bank of Santa Maria
Total assets at Community Bancorp of Santa Maria rose in the third quarter of the fiscal year, even as net income fell, the bank announced Oct. 20. The parent company of Community Bank of Santa Maria saw total assets rise to $327.6 million, an increase of 24 percent from the same time in 2019. Net Read More →
Income up at Bank of the Sierra
Sierra Bancorp, the parent company of Bank of the Sierra, announced a record quarter as net income grew by 16 percent from a year earlier. Bank of the Sierra is based in Porterville, in the San Joaquin Valley, and has 12 branches in the tri-county region, the result of a series of acquisitions of Central Read More →
Cal Poly kicks off startup competition
Central Coast companies looking for equity-backed funding now have the chance to make their case to investors through Cal Poly, San Luis Obispo. Cal Poly’s Center for Innovation and Entrepreneurship Small Business Development Center SBDC opened its application for AngelCon 2021 on Oct. 16. AngelCon, an annual event heading into its fourth iteration, is a Read More →
Region’s employment picture a little brighter
The unemployment rates in Santa Barbara, Ventura and San Luis Obispo counties all continued to drop in September, and all three counties had healthier labor markets than the state a whole. The combined unemployment rate for the tri-county region was 7.9 percent in September, according to a Business Times analysis of data released Oct. 16 Read More →
Port of Hueneme reports strong comeback from pandemic shutdowns
Business at the Port of Hueneme has exceeded its management’s expectations during the COVID-19 pandemic, port officials said Oct.15 at the Oxnard Chamber of Commerce’s annual “State of the Port” address. When the shutdown started in March, all 10 of the automobiles manufacturers that use the port stopped production of cars. The auto-cargo industry accounts Read More →
