Semtech shares hit two-year low after company lowers Q3 guidance
Camarillo-based Semtech produced record revenue and earnings in the second quarter of 2022, but its shares plummeted 27% the day after its earnings release after the company’s guidances for the third quarter were well below analysts’ expectations. Semtech, a semiconductor company specializing in Internet of Things applications, saw its net income increase in the second Read More →
Real Estate: Oxnard townhome development bought with $70M loan
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Amgen reports pair of positive clinical trial results
Amgen announced positive results from clinical trials of two separate drugs in late August. On Aug. 30, the Thousand Oaks-based biotech giant said its Phase 3 trail evaluating daily oral doses of Lumakras, a treatment for non-small cell lung cancer, “met its primary endpoint of progression-free survival” and demonstrated statistically significant superiority over the current Read More →
State funds more than 100 units in Ventura County with anti-homelessness grants
New funding from Sacramento will help convert a motel in Thousand Oaks to housing for homeless people and buildings at Casa Pacifica Centers for Children and Families to housing for at-risk former foster youth, adding more than 100 units of supportive housing in Ventura County. Gov. Gavin Newsom announced $694 million in new grants on Read More →
Distilleries shake up region’s beverage industry
Though water makes up about 60% of the average person’s body, liquor certainly runs in the Cutler family line. As a boy, Ian Cutler heard the stories of how his great-grandfather was a bootlegger during Prohibition. From there, his family kept running different liquor stores, bars and more, until 1985, when changes to California’s liquor Read More →
Dole earnings up in Q2, but company again cuts full-year guidance
Westlake Village-based Dole beat analysts’ expectations when it reported positive earnings per share for the second quarter on Aug. 23, but the company also slashed its guidance for revenue and earnings for the full year. Dole, one of the largest fruit and vegetable producers in the world, is dually headquartered in Westlake Village and Dublin, Read More →
Real Estate: Procore to sublease blufftop buiding in Carpinteria; Life sciences building sold in Conejo Valley
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