CalAmp shares slide as Q4 outlook misses
Shares of Oxnard-based CalAmp plunged 9 percent on Christmas Eve, after the company delivered a fourth-quarter outlook that missed analyst expectations. The wireless products company said it expects fourth-quarter profits of between 19 and 23 cents per share, lower than the 24 cents per share analysts were expecting, on average, according to FactSet.
Read More →California Energy Commission awards grants to two regional research projects
Ron Pretlac of GreenTech Motors Corp. in Westlake Village and Peter Jardine of Shape Change Technologies in Thousand Oaks will receive almost $95K each from the Energy Innovations Small Grant Program.
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Mafi-Trench gears up: Santa Maria manufacturer plans for new plant
James Reilly has been pushing for a new manufacturing plant to bring about 100 new jobs to Santa Maria for two years, and now the real work of getting it financed is about to begin.
Read More →Clean Diesel changes ethics rules after $1.9M federal fine
The CEO of Ventura-based Clean Diesel Technologies has stepped down after a year on the job, a move that likely reflects a faltering relationship with Italian tire-maker Pirelli. In a separate announcement, the company said it has amended its ethics code in light of a $1.9 million fine from federal labor regulators over a whistleblower complaint.
Read More →Semtech shares sink on lower earnings outlook
Shares of Camarillo-based Semtech Corp. plunged 11.2 percent on Dec. 19 after the company downgraded its revenue and profit outlook for the fourth quarter.
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