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Montecito Bank & Trust
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OCB Bancorp reports strong third quarter

By   /  Wednesday, November 25th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on OCB Bancorp reports strong third quarter

The parent company of Ojai Community Bank has increased its net income 52 percent year to date for the nine months ending Sept. 30, according to OCB Bancorp’s third-quarter report. OCB Bancorp, also the parent company of Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, increased its total loans by $48 Read More →

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Revenues at Santa Barbara’s QAD down for third quarter

By   /  Wednesday, November 25th, 2015  /  Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Revenues at Santa Barbara’s QAD down for third quarter

Santa Barbara software developer QAD Inc. saw revenues decrease slightly in the third quarter of fiscal year 2016. Revenues at QAD decreased from $74 million to $68 million. Net income for the company was $2.6 million, or 14 cents per share. That missed analyst estimates of 18 cents per share. In recent years, QAD has Read More →

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Sientra collapse doomed execs

By   /  Friday, November 20th, 2015  /  Health Care & Life Science, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Sientra collapse doomed execs

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Latest

Semtech third quarter earnings per share miss estimate

By   /  Thursday, November 19th, 2015  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Semtech third quarter earnings per share miss estimate

Semtech, a Camarillo-based maker of semiconductors for cell phones and electronic devices, missed analyst estimates slightly when the company reported third quarter results Nov. 18. Semtech reported earnings per share of 16 cents. Analysts had expected earnings per share of 24 cents. Semtech slightly exceeded analyst revenue estimates of $115.4 million by posting earnings of Read More →

Latest

Goleta-based Sientra’s third quarter revenues down

By   /  Monday, November 16th, 2015  /  Earnings, Health Care & Life Science, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Sientra’s third quarter revenues down

Sientra Inc. sales were down 6.9 percent in the third quarter of 2015 but the results were largely unaffected by recent pandemonium at the company. The Goleta-based company reported third quarter results on Nov. 16 for the quarter that ended on Sept. 30, just one week after European regulators pulled products made by Sientra’s Brazilian Read More →

Latest

Goleta breast implant maker Sientra shakes up C-Suite

By   /  Thursday, November 12th, 2015  /  Health Care & Life Science, Latest news, South Coast, Top Stories, Tri-County Public Companies  /  Comments Off on Goleta breast implant maker Sientra shakes up C-Suite

  The writing was on the wall at Sientra. On Nov. 12, the company’s top executives took the fall. The embattled Goleta-based breast implant manufacturer cleaned house Thursday afternoon. Sientra founder and CEO Hani Zeini stepped down as CEO and he will be replaced by industry veteran Jeffrey Nugent. Nicholas Simon also resigned as chairman Read More →

Latest

Inogen’s third quarter earnings beat Wall Street expectations

By   /  Wednesday, November 11th, 2015  /  Earnings, Health Care & Life Science, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen’s third quarter earnings beat Wall Street expectations

  Inogen, a Goleta-based maker of direct-to-consumer respiratory products, beat analyst estimates for revenue when the company released third quarter earnings on Nov. 10. Revenues were up 38.7 percent from $29.4 million during the third quarter of last year to $40.8 million this year. Analysts had predicted revenues of $37 million. Inogen also reported adjusted Read More →