Sientra loses $10 million in third quarter
Health Care & Life Science, Latest news, TechnologySientra reported a net loss of $10 million for the third quarter of 2016, ended Sept. 30, and announced the acquisition of a new line of products. Sales for the Goleta-based breast implant manufacturer fell from $9.9 million in the third quarter of 2015 to $6.5 million this quarter, while operating expenses rose 15.3 percent. Read More →
Fess Parker DoubleTree has new general manager
Latest news, TourismMichael Dunne, area vice president for California at Hilton Hotels Worldwide, announced the appointment of Neil Poisson as general manager of Santa Barbara’s Fess Parker DoubleTree Resort. In his new role, Poisson will oversee 300 employees in day-to-day operations at the hotel, including guest services, food and beverage, sales and marketing, revenue management, operations and Read More →
AppFolio revenue up as company gets closer to profitability
Earnings, Latest news, Technology, Tri-County Public CompaniesSanta Barbara cloud software firm AppFolio is edging closer to profitability. Third quarter results from the business-to-business software firm released Nov. 7 show an increase in revenue to $28.2 million or 39 percent above the previous year’s quarter. The company lost $1.1 million on GAAP-based accounting but AppFolio’s non-GAAP numbers showed a $200,000 profit and Read More →
Salem misses earnings estimates for third quarter
Earnings, Latest news, Tri-County Public CompaniesSalem Media Group beat analyst revenue estimates but missed earnings per share estimates, according to third quarter earnings reported Nov. 7. Salem Media Group, a Camarillo-based Christian and conservative radio operator, reported revenues of $71.3 million, up from $67.5 million in 2015, which topped analyst estimates by $2.5 million. Net income rose from $2.1 million Read More →
Heritage Oaks Bank income up slightly in third quarter
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPaso Robles-based Heritage Oaks Bank reported a net income of $4.2 million in the third quarter, or 12 cents per diluted common share, up from $4 million, or 12 cents per share, for the same period last year. Gross loans increased by $136 million, or 11.3 percent, to $1.3 billion, compared to $1.2 billion in Read More →
Calavo Growers buys production facility in Riverside
Agribusiness, Latest newsSanta Paula-based avocado and fresh produce grower Calavo Growers completed the $19.4 million purchase of a 128,000-square-foot production facility in Riverside, the company announced on Nov. 3. The acquisition, which was secured in a 1031 exchange, will help Calavo increase its national footprint for its Renaissance Food Group LLC business segment. The facility at 1730 Read More →
PennyMac beats analyst estimates for third quarter earnings
Earnings, Latest news, Real Estate, Tri-County Public CompaniesMoorpark-based PennyMac Financial Services reported a $122.3 million profit on revenue of $291.4 million for the third quarter, exceeding Wall Street expectations on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of $1.06 cents per diluted Read More →
