Teledyne Technologies reports decline in net income
Thousand-Oaks based Teledyne Technologies reported a drop in net income for its fiscal year 2016 over the prior year, with a 7 percent fourth quarter drop in sales to $552.9 million. Net income from continuing operations came to $192.9 million, or $5.43 per diluted share, compared to $198 million in 2015, while total sales fell Read More →
Read More →Teledyne gets contract for underwater vehicles that remove explosives
A subsidiary of Thousand Oaks industrial conglomerate Teledyne Technologies secured a multi-million dollar contract with the U.S. Department of Defense to deploy underwater vehicles to disable and remove explosives, the company announced Jan. 3. The amount of the contract was not disclosed. Teledyne SeaBotix, a manufacturer of underwater observation class remotely-operated vehicles, will deliver 60 Read More →
Read More →Presidential election creates Central Coast winners and losers
After euphoria comes reality. The stock market rally that accompanied the election of Donald J. Trump as the nation’s 45th president has flattened out amid the reality that governing is complex and so is the economy. With Trump’s election, the slow growth predictability of the Obama years has been replaced with something new. But aside Read More →
Read More →Teledyne sales dip but profits up for third quarter
Thousand Oaks-based industrial conglomerate Teledyne Technologies saw sales dip but profits increase during the third quarter, according to figures released Nov. 3. Revenues for the company dipped to $526.8 million in the third quarter, compared to $551.7 during the third quarter of 2015. That missed analyst revenue estimates of $553 million, according to S&P Capital Read More →
Read More →Teledyne’s second quarter revenues, profits, earnings per share down
Teledyne Technology revenues fell, profits fell and earnings per share fell during the second quarter, the company announced when it released second quarter earnings results Aug. 4. The Thousand Oaks-based industrial conglomerate saw second quarter revenues fall 6.7 percent from $573.6 million in 2015 to $534.9 million in 2016, which missed analyst estimates of $546.7 Read More →
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Pacific Coast Business Times stock index yields big return
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Read More →Tri-county stocks fall after Britain votes to exit EU
Stock prices for many companies headquartered in the Tri-Counties fell June 24 as investors reacted to Britain’s vote to leave the European Union. Thousand Oaks-based biotech giant Amgen dropped $5.82 or 3.82 percent. Two other companies based in Thousand Oaks, Teledyne and Inphi, saw stock prices decline $5.72 or 5.66 percent and $3.44 or 10.52 Read More →
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