Deckers Brands’ losses grow as footwear sales decline
Earnings, Latest news, Tri-County Public CompaniesUpdated at 4:20 p.m. May 26: Deckers Brands shares jumped more than 18.8 percent to $67.21 on May 26 following an earnings announcement that beat analyst expectations and continued to climb in after-hours trading. Deckers reported a net loss of $15.76 million for its fourth quarter, bringing it to a net loss of $12.7 million Read More →
PennyMac declares dividend of 54 cents
Latest news, Personal Finance, Tri-County Public CompaniesThe board of trustees for PennyMac Mortgage Investment Trust declared a dividend of 54 cents for the Westlake Village company’s stockholders May 23. The dividend will be paid on June 15 to stockholders of record June 1. • Contact Marissa Nall at mnall@pacbiztimes.com.
MindBody expects to raise $120 million with stock offering
Latest news, Technology, Tri-County Public CompaniesSan Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
Westlake Village-based PizzaRev acquired
East Ventura County, Latest news, Small BusinessChicago accelerator firm Cleveland Avenue acquired a majority stake in Westlake Village-based pizza chain PizzaRev. Cleveland Avenue, founded by retired McDonald’s CEO Don Thompson, invests in food and beverage businesses, including providing research and development resources. PizzaRev represented an opportunity for scale and growth, Thompson said in a news release May 22. “This is more Read More →
Stock soars at The Trade Desk over news of $200 million offering
Earnings, Latest news, Tri-County Public Companies, West Ventura CountyThe Trade Desk stock gained 3.5 percent on the news that it had filed a registration statement with the Securities and Exchange Commission for a follow-on offering of up to $200 million of existing stock. The digital advertising platform company, headquartered in Ventura, will not receive any proceeds from the offering, filed May 19. The Read More →
Camarillo sportswear company Neff Headwear acquired
Latest newsCamarillo sportswear company Neff Headwear was acquired by Mad Engine, the licensed apparel wholesaler for Disney and its affiliated companies, according to a news release May 16. Mad Engine took ownership of the company from Marlin Equity Partners and the Neff family, who founded it in 2002. “We’re excited to have this opportunity to acquire Read More →
Clean Diesel revenue down, net loss grows
Earnings, Latest news, Technology, Tri-County Public CompaniesOxnard-based Clean Diesel Technologies reported a drop in first quarter revenue year-over-year and an increase in its net loss to $3.1 million. The emissions control technology company launched new private label programs in North America and removed some product offerings. Revenues fell 15 percent, from $9.7 million in the first quarter of 2016, to $8.2 Read More →
