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Heritage Oaks Bancorp beats analyst estimates for first quarter

By   /  Thursday, April 28th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  No Comments

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Paso Robles-based Heritage Oaks Bancorp beat analyst estimates when it reported first quarter earnings April 28. The company said it had revenues of $19 million, beating analyst estimates of $18.75 million. Earnings per share of 12 cents beat analyst estimates of 11 cents per share. The company also reported net income of $4 million. The Read More →

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Inphi reports revenues up for first quarter

By   /  Thursday, April 28th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

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After missing analyst estimates in the fourth quarter of 2015, Inphi bounced back when it reported first quarter earnings April 28. Inphi reported revenues of $66.5 million, up from $59.1 million during the first quarter of 2015. It barely beat analyst estimates of $66.2 million, according to Zacks Investment Research. The company reported net income Read More →

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Amgen exceeds Wall Street expectations for first quarter earnings

By   /  Thursday, April 28th, 2016  /  Earnings, Health Care, Latest news, Tri-County Public Companies  /  No Comments

Thousand Oaks-based biotech giant Amgen is the region's largest private employer and only blue-chip stock. (Amgen courtesy photo)

Amgen blew away Wall Street expectations and raised its 2016 guidance when it released first quarter earnings April 28. The Thousand Oaks biotech giant had profits of $2.2 billion, up from $1.91 billion during the same quarter last year. Revenues of $5.53 billion were also up from $5 billion in 2015 and surpassed analyst estimates Read More →

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OCB Bancorp reports strong growth in first quarter of 2016

By   /  Thursday, April 28th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  No Comments

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OCB Bancorp, parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, reported April 28 that it experienced strong growth in the first quarter of 2016. Loans reached $183 million, increasing by approximately $6 million for the first quarter, for an annualized growth rate of 15 percent. Read More →

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American Riviera Bank reports benefits of merger with The Bank of Santa Barbara

By   /  Thursday, April 28th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  No Comments

American Riviera Bank

Santa Barbara’s American Riviera Bank reported net income of $176,000 or 4 cents per share for the first quarter of 2016, compared to $443,000 or 17 cents per share for the same period in 2015. Operating income excluding costs related to the merger with The Bank of Santa Barbara for the first quarter of 2016 Read More →

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Flir Systems beats revenue estimates but misses on earnings per share

By   /  Tuesday, April 26th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

FLIR Systems, which develops and manufactures thermal imaging sensors, has about 450 employees in Goleta. The company has purchased a 120,000-square-foot research and 
design building and a 50,000-square-foot office building in the Cabrillo Business Park.

Flir Systems topped revenue estimates but missed earnings per share expectations when it reported first quarter 2016 earnings April 26. Flir posted revenues of $379.5 million, trouncing analyst estimates of $357.8 million. That is also up from $344.5 million a year ago. Earnings per share of 30 cents slightly missed analyst estimates of 32 cents Read More →

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Lockheed Martin’s first quarter results mixed

By   /  Tuesday, April 26th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

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Lockheed Martin reported mixed first quarter 2016 earnings results on April 26. During the quarter, Lockheed Martin posted revenues of $11.7 billion and earnings per share of $2.58. Thompson Reuters analysts had predicted revenues of $11.34 billion and earnings per share of $2.59. During the same quarter last year, the company had revenues of $10.11 Read More →

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