Vital signs: Ventura County workers make higher per-hour income
Economy, Latest news, Personal Finance, Subscriber content, Tri-County EconomyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Sonos sheds 7% of its workforce
Latest news, Subscriber content, Technology, Top Stories, Top Story, Tri-County Public CompaniesIn an effort to restructure its fiscal plan amid economic uncertainty, Santa Barbara-based Sonos announced it would be laying off 7% of its workforce, or roughly 130 employees, in a filing with the U.S. Securities and Exchanges unit on June 14. In an October 2022 filing, Sonos employed 1,844 people globally, the last time the Read More →
Good works: Ventura College Foundation distributes $670K in scholarships
Central Coast, Latest news, Nonprofits, Philanthropy, Subscriber contentThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
One Ryde at a time: AngelCon winners look to reshape college traveling
Latest news, Startups, Subscriber content, Technology, Top Stories, Top StoryJune 12 update: A previous version of the article incorrectly stated Josh Wong’s last name in the photo caption. Additionally, corrections have been made to update the arrival of Emily Gavrilenko and Wong to the Ryde team as well as the make-up of the team. Ride-sharing applications are nothing new in the world of Uber Read More →
Semtech shares rise in after-hours trading following earnings beat
Central Coast, Earnings, Latest news, middle, Technology, Tri-County Public Companies, Ventura CountyCamarillo-based Semtech saw its shares rise nearly 15% in after-hours trading on June 7, hours following the company’s first-quarter earnings announcement in which it beat analyst expectations in both revenue and net income. Semtech, which specializes in the Internet of Things applications, generated revenue worth $236.5 million, an increase of 41.2% sequentially, which means from Read More →
Montecito Bank remains “well-capitalized” after the first quarter
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesMontecito Bank & Trust reported a 30% increase in net income for the first quarter of 2023 on June 6, even despite a drop in total deposits. Montecito Bank & Trust generated $4.8 million in the first quarter while assets closed at $2.1 billion. According to the bank, it remains well-capitalized as its total risk-based Read More →
Limoneira posts higher revenue in second quarter
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesSanta Paula-based Limoneira announced its results for the second quarter after the markets closed June 6, highlighting a rise in revenue as well as a lower net debt position. Limoneira, a grower of lemons and avocados, announced revenue worth $48.1 million compared to $46.8 million in the same quarter a year ago. The company suffered Read More →
