Lockheed Martin’s first quarter results mixed
Earnings, Latest news, Tri-County Public CompaniesLockheed 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 →
Resonant raising $6 million in stock offering
Latest newsResonant, a Goleta-based manufacturer of technology for the mobile device industry, will raise $6 million in an offering to various institutional and individual investors. The company made the announcement before markets opened April 22. The cash is a lifeline that will allow the late-stage development company to survive a little longer. On March 23, the company Read More →
Net earnings up 47.7 percent at Citizens Business Bank
Banking & Finance, Banking Industry, Earnings, Latest newsOntario-based Citizens Business Bank reported a 47.7 percent increase in net earnings for the first quarter of 2016. CVB Financial Corp. and its subsidiary Citizens Business Bank reported a $23.4 million net income, or 22 cents a share, up from $15.8 million in the first quarter of 2015. It was an increase of $7.6 million Read More →
CalAmp misses on revenue but hits earnings per share estimates
Earnings, Latest news, Technology, Tri-County Public CompaniesCalAmp, an Oxnard-based company that makes products for the wireless sector, barely missed revenue estimates but hit earnings per share estimates when it reported fourth quarter 2016 and fiscal year-end earnings April 19. Fourth quarter revenues of $70.8 million barely missed analyst estimates of $71.05 million, according to Yahoo Finance, but that increased from $69.2 Read More →
More tri-county victims added to Ponzi scheme lawsuit
Latest news, Law & GovermentThe Santa Barbara law firm Hollister & Brace added more tri-county residents to its Ponzi scheme case in which investors were allegedly bilked out of about $125 million. Joel Gillis and Edward Wishner and their Calabasas-based firm Nationwide Automated Systems Inc. allegedly sold investors on automated teller machines that often didn’t exist. Hollister & Brace’s Read More →
J.D. Power sold for $1.1 billion to XIO investment firm
Latest newsMcGraw Hill Financial sold its global market research business J.D. Power to XIO Group for $1.1 billion. The London-based investment firm XIO is known for purchasing North American and European businesses and helping them grow in Asia. J.D. Power employs about 200 workers in Westlake Village and there are no initial signs that the deal Read More →
Sport Chalet closing down, including 2 tri-county stores
Latest newsThe parent company of sporting goods retailer Sport Chalet recently announced it would be closing all of the chain’s 47 stores, including two in the Tri-Counties. Purchased in 2014 by Connecticut-based Vestis Retail Group, Sport Chalet stores will be closed as part of its Chapter 11 bankruptcy protection filing. Sport Chalet, which was founded in Read More →
