Inogen raises 2014 guidance after beating on Q2 profits
Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesShares of Goleta-based Inogen climbed 4.3 percent in after-hours trading on Tuesday as the medical-device maker reported better-than-expected second-quarter revenue and profit. The company, which went public earlier this year, makes portable at-home oxygen concentrators. Its second-quarter revenue soared 50.8 percent to $30.4 million, beating the Capital IQ Consensus Estimate by $6.5 million. Product sales Read More →
80-acre home development in Orcutt sells
Central Coast, Real Estate, Tri-County EconomyAn 80-acre residential development in Orcutt has been sold for an undisclosed amount. The project, called Bradley Village, was purchased by an area investment group called Bradley Ventures after listing for $8 million, according to Hayes Commercial Group, which represented the buyer in the deal negotiations. Also known as Key Site 30, the project is Read More →
Vitesse loss narrows as new product sales overtake legacy offerings
Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountyVitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →
Profits rise at PennyMac firms
Earnings, East Ventura County, Latest news, Real Estate, Tri-County Public CompaniesMoorpark-based PennyMac Financial Services said profits rose to $51.4 million on revenue of $130.4 million for the second quarter, beating Wall Street expectations for both measures.
LTC beats on revenues, meets on profits
Earnings, Health Care & Life Science, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies, West Ventura CountyWestlake Village-based LTC Properties beat revenue estimates in the second quarter as its funds from operations were up 17.8 percent to $22.5 million, or 64 cents per common diluted share, meeting Wall Street expectations.
Conversant profits on track, extends buybacks
Earnings, Latest news, Technology, Tri-County Public CompaniesWestlake Village-based digital marketing firm Conversant stayed on track with earnings but slightly missed Wall Street’s revenue targets as it committed to returning $150 million more in cash to shareholders through stock buybacks.
