Profits rise at PennyMac firms
Moorpark-based PennyMac Financial Services said profits rose to $51.4 million on revenue of $130.4 million for the second quarter, beating Wall Street expectations for both measures.
LTC beats on revenues, meets on profits
Westlake Village-based LTC Properties beat revenue estimates in the second quarter as its funds from operations were up 17.8 percent to $22.5 million, or 64 cents per common diluted share, meeting Wall Street expectations.
Conversant profits on track, extends buybacks
Westlake Village-based digital marketing firm Conversant stayed on track with earnings but slightly missed Wall Street’s revenue targets as it committed to returning $150 million more in cash to shareholders through stock buybacks.
Community West Bank profits fall 19.8 percent
Goleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.
Teledyne revenues dip as profits, outlook rise
Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.