Acelyrin shares decline after programming error disclosure
Conejo Valley-based Acelyrin saw shares plummet more than 30% on Nov. 28 after the biotechnology startup announced an error in one of its trials for its main treatment. Acelyrin, which is a part of Westlake Village BioPartners investing portfolio, disclosed there was a programming error in a drug trial of izokibep, a treatment for psoriatic Read More →
Deckers shares skyrocket in month after earnings excitement
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Dole’s momentum continues in the third quarter
Westlake Village-based Dole plc reported its third-quarter earnings on Nov. 16 and noted higher revenue and net income than in the same quarter a year ago. Dole reported revenue worth $2 billion for the quarter ended Sept. 30, up 4.2% from the same quarter a year ago. In a press release, Dole said the revenue Read More →
MB&T gives away $1.1M, Benefits 195 Orgs
Janet Garufis, CEO and chairwoman of Montecito Bank & Trust, gathered dozens of representatives from local nonprofits and organizations to celebrate the season of giving with a bang at the 2023 Montecito Bank & Trust Community Dividends event Nov. 20. During the event, the bank announced it was donating $1.1 million to nonprofits based in Read More →
Portfolio watch
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Finbriefs: Glass House Brands reports growing revenue in Q3
Glass House Brands, which has major operations in both Ventura and Santa Barbara Counties, reported growing revenue in the third quarter of 2023. Reported on Nov. 10, Glass Houses’s net sales increased 71% year-over-year to $48.2 million in the third quarter of 2023. Gross profit was also $26 million for the third quarter of 2023, Read More →
Portfolio watch
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