Teledyne reports record sales for second quarter
Thousand Oaks-based tech giant Teledyne reported record sales for its second quarter, ended July 2, reaching $671.1 million and net income of $60.1 million, or $1.66 per diluted share. In addition to growth in all its major product lines — particularly its digital imaging segment, which saw an 89.6 percent increase to $188.5 million — Read More →
Sientra settles lawsuit with former manufacturer
Goleta-based breast implant manufacturer Sientra announced the settlement of an intellectual property and contract lawsuit with its former Brazilian manufacturer Silimed on Aug. 1. Securities and Exchange Commission documents filed by Sientra state that the two companies participated in court-ordered arbitration July 27, and Sientra agreed to pay $9 million within the next 30 days, Read More →
Net income up 15 percent at Community West Bancshares
Net income for Community West Bancshares increased nearly 15 percent for the second quarter ended June 30 to $1.6 million, or 18 cents per diluted share. Loans increased to $684.8 million, versus $564.8 million a year ago, and total assets grew 22.2 percent year-over-year to $785 million. Net interest margin dropped slightly, from 4.45 percent Read More →
Amgen stock drops despite strong earnings
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