Heritage Oaks Bank beats second quarter projections
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPaso Robles-based Heritage Oaks Bank surpassed analyst estimates on both earnings per share and revenue in its second quarter earnings. The bank reported net income of $4.2 million, or 12 cents per diluted share, for the second quarter of 2016 compared to $3.7 million, or 11 cents per share, in the second quarter of 2015. Read More →
Satellite lands at Vandenberg Air Force Base
Central Coast, Latest news, TechnologyAn earth-imaging satellite arrived at Vandenberg Air Force Base July 28 in preparation for a September launch. The WorldView-4 Satellite arrived at Vandenberg after being shipped 250 miles in a rolling mobile cleanroom from Sunnyvale. Lockheed Martin built the satellite, which will launch at about 11:30 a.m. Sept. 15 from Vandenberg’s launch pad SLC-3E. The Read More →
LTC Properties hits FFO projections, misses on revenue
East Ventura County, Latest news, Real EstateWestlake Village-based LTC Properties matched analyst projections on funds from operations but missed on revenue in its second quarter earnings. The publicly traded real estate and investment trust earned $29.2 million in FFO for the second quarter, up 22 percent from $24 million for the comparable 2015 period. That matched analyst expectations of 77 cents per diluted Read More →
Land O’Lakes completes Ceres acquisition
Agribusiness, Latest news, TechnologyMinneapolis-based Land O’Lakes completed its acquisition of Thousand Oaks-based ag-biotech company Ceres on Aug. 1. On June 17, Land O’Lakes, an ag and food conglomerate that had $13 billion in sales in 2015, announced it would buy Ceres for $17.2 million. For about two decades, Ceres had been devoted to developing biofuels using crops like Read More →
CFO of Goleta’s Resonant leaves company
Latest news, TechnologyGoleta-based Resonant, a designer of filters for radio frequency front-ends, announced July 29 that John Philpott, the company’s chief financial officer, has left the company for personal reasons. Ross Goolsby of Bridgepoint Consulting will join the company Aug. 1 and will become interim CFO after the company files its form 10-Q for the second quarter. Read More →
Community West Bancshares second quarter income up over last year
Banking & Finance, Banking Industry, Earnings, Latest newsCommunity West Bancshares, the parent company of Goleta-based Community West Bank, reported net income of $1.1 million in the second quarter of 2016, up from a net loss of $2.3 million in the second quarter of 2015. “Our momentum during the first half of the year has been fueled by robust loan and deposit growth, Read More →
Deckers Outdoor first quarter operating loss bigger than last year
Earnings, Latest news, Tri-County Public CompaniesGoleta-based Deckers Outdoor announced an operating loss of $78.3 million, a 23 percent increase over the same period last year, for its fiscal first quarter 2017, ended June 30. Diluted losses per share rose from $1.43 to $1.84 year-over-year due to decreases in sales across its Ugg, Teva and Sanuk brands. The timing of order Read More →
