Velocity shares rise after earnings beat
Velocity Financial saw its net income rise in its second quarter financial earnings, beating estimates. The Westlake Village-based mortgage firm had net income of $9.45 million, or 28 cents per share, well above analysts’ estimates of around 15 cents per share. Velocity Financial more than tripled its net income from the same time a year Read More →
Dubroff: Ventura County ballot measure put Houweling’s in the cannabis cat bird seat
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Amgen shrugs off tough quarter, announces plans for new plant in North Carolina
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Real Estate: Nordstrom building conversion could lead to glut of Santa Barbara office space
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Tri-county region’s total farm revenue up 4.6% in 2020
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Procore posts loss in first post-IPO quarter
In its first earnings report since going public, Procore Technologies, a Carpinteria-based software company for the construction industry, delivered record revenue growth, but rising operating costs hurt overall earnings. Revenue rose 27.7% for the quarter ended June 30, the company reported on Aug. 5. Procore generated $122.8 million, up from $96.5 million in the same Read More →
Inogen shares plummet after news of supply chain problems
Shares of the Goleta-based medical device company Inogen dropped by 27% on Aug. 5, the day after the company released its second quarter 2021 earnings. Though the maker of portable oxygen concentrators saw big increases in both revenue and earnings, uncertainty brought on by the semiconductor chip shortage led to a huge selloff of Inogen Read More →
