Increased sales at Teledyne boost net income
Sales for Thousand Oaks-based Teledyne rose more than 25 percent for the third quarter of 2017, boosting net income up 32.7 percent to $69 million, or $1.90 per diluted share. Aerospace and defense electronics sales rose 7.6 percent for the company, and engineered systems sales increased nearly 10 percent to $73.1 million. Sales in the Read More →
Frontier revenue dips but net losses smaller
Frontier Communications saw a slight dip in third quarter revenue but smaller net losses year-over year, the company announced Oct. 31. Revenue reached $2.25 billion, down slightly from the previous quarter and the third quarter of 2016. But the first nine months of the year saw a 6.5 percent increase in revenue over the same Read More →
Net income grows at Montecito Bank & Trust
Montecito Bank & Trust reported net income growth of 11.52 percent year-over-year in its earnings report for the quarter ended Sept. 30, 2017. The Santa Barbara-based bank said in a news release Oct. 27 that the higher net income was driven by loan growth of 16 percent. Deposits increased 3 percent and assets increased 3.64 Read More →
Amgen product sales slip but income stays steady
Net income at biotech giant Amgen stayed flat for the third quarter, despite a slight downtick in revenues to $5.8 billion, the company reported Oct. 25. Product sales saw a slight decline, including Neupogen, Epogen and its blockbuster rheumatoid arthritis drug Enbrel, which fell 6 percent, but net income stayed steady at a little more Read More →
Flir Systems reports third quarter increase in net earnings
Thermal imaging device maker Flir Systems, which has large operations in Goleta, announced a 15 percent increase in its third quarter revenues, driving net earnings up 8 percent. The company saw increases in revenue across all segments, particularly its instruments, security and detection businesses, as well as a 39 percent increase in its original equipment Read More →
American Riviera Bank assets pass half-billion dollar mark
American Riviera Bank, headquartered in Santa Barbara, had an unaudited net income of $1,383,000, or 31 cents per share, for the third quarter of 2017, the company announced in its earnings report on Oct. 24. The bank reported $518 million in total assets as of the third quarter of 2017. The growth was driven by Read More →
Third quarter net income rises at Pacific Premier Bank
Pacific Premier Bancorp, parent company of Pacific Premier Bank, had diluted earnings per share of 50 cents for the third quarter of 2017, the company announced its earnings report on Oct. 23. The company said it had net income of $20.2 million for the third quarter of 2017 that reflected an increase of $6.1 million, Read More →
