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Montecito Bank & Trust
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Heritage Oaks Bancorp increases third quarter earnings

By   /  Thursday, October 29th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Heritage Oaks Bancorp increases third quarter earnings

Paso Robles-based Heritage Oaks Bancorp reported $4 million in net income, or 12 cents per share, for the third quarter of 2015. That was up from $3.4 million, or 10 cents per share, recorded in the third quarter of last year. Loans grew 4.8 percent, or $55.2 million, to $1.21 billion in the third quarter Read More →

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Teledyne sales dropped in third quarter

By   /  Thursday, October 29th, 2015  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne sales dropped in third quarter

Sales slumped once again for Teledyne Technologies in the third quarter. The Thousand Oaks-based industrial conglomerate said it saw sales decline for the third straight quarter when it released third quarter earnings on Oct. 29. Sales fell 7.6 percent from $601.1 million during the third quarter of 2014 to $555.4 million this year. Because of Read More →

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Latest

Deckers Outdoor beats Wall Street expectations

By   /  Thursday, October 29th, 2015  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Deckers Outdoor beats Wall Street expectations

Deckers Outdoor nearly hit Wall Street expectations on the nose with second quarter earnings released by the company Oct. 29. Sales jumped 1.4 percent during the second quarter from $480.3 million last year to $ 486.9 million for the Goleta-based manufacturer of outdoor footwear apparel and accessories. Analysts expected revenues of about $486.8 million. Deckers Read More →

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Latest

Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger

By   /  Wednesday, October 28th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger

  American Riviera Bank and The Bank of Santa Barbara shareholders approved the banks’ proposed merger, the institutions announced on Oct. 27. The merger is expected to close by January 2016, pending final regulatory approval. The combined companies, which will go by American Riviera Bank, will have branches in downtown Santa Barbara, Montecito and Goleta Read More →

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Latest

Amgen’s third quarter earnings beat Wall Street expectations

By   /  Wednesday, October 28th, 2015  /  Health Care, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen’s third quarter earnings beat Wall Street expectations

Thousand Oaks biotech giant Amgen blew Wall Street away when it released third quarter earnings on Oct. 28. Amgen beat analyst revenue estimates by posting revenues of $5.72 billion, compared to the $5.23 billion analysts expected. That’s up from about $5 billion during last year’s third quarter. Net income increased to $1.86 billion during the Read More →

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Latest

Sientra CEO ducks questions about company’s future

By   /  Wednesday, October 28th, 2015  /  Health Care, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Sientra CEO ducks questions about company’s future

Sientra CEO Hani Zeini said in a conference call on Oct. 28 that he will not speculate about the company’s future. Zeini dodged questions better than a Brooklyn Dodger dodges street cars during the call with investors, analysts and reporters to update all parties about implants contaminated by Sientra’s manufacturer. Sientra shares nosedived on Sept. Read More →

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Latest

Inphi third quarter earnings beat analyst estimates

By   /  Tuesday, October 27th, 2015  /  Earnings, Latest news  /  Comments Off on Inphi third quarter earnings beat analyst estimates

Inphi Corp. beat analyst estimates by a penny when the company released third quarter earnings on Oct. 27. The Santa Clara-based company, which designs chips aimed at packing more memory onto Internet servers and increasing bandwidth, employs a large engineering force in Thousand Oaks. Inphi Corp. earnings were 25 cents per share, one cent greater Read More →

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