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Teledyne Technologies beat earnings expectations for the fourth time in a row, reflecting a solid year of strong sales and net income growth. Teledyne, the Thousand Oaks-based aerospace engineering company, was expected to release quarterly earnings of about $4.30 per share according to Zacks Consensus Estimate, as compared to earnings of $4.34 a year ago. Read More →
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The Camarillo-based semiconductor manufacturer Semtech will raise up to $300 million in a private debt placement to help pay for its pending acquisition of Sierra Wireless. The company announced a $250 million in convertible senior notes on Oct. 6 and upped the total to $300 million the next day. The notes will pay 1.625% interest Read More →
Yardi, a Santa Barbara-based property management software company, announced Oct. 11 that it had acquired Planimetron, a Toronto company that provides digital visualizations for the real estate industry. Terms of the deal were not disclosed. Yardi said it will “rebuild and rebrand” Planimetron’s platform, Propidex, and relaunch it sometime in 2023 as Space Manager, a Read More →
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