LTC Properties beat first quarter revenue estimates
Westlake Village-based LTC Properties beat analyst projections of revenue and funds from operations in its 2016 first quarter earnings report. The publicly traded real estate and investment trust earned $31.88 million in revenue, up from $26.68 million in the first quarter of 2015, surpassing analyst projections by $820,000. LTC Properties funds from operations per common share Read More →
Heritage Oaks Bancorp beats analyst estimates for first quarter
Paso Robles-based Heritage Oaks Bancorp beat analyst estimates when it reported first quarter earnings April 28. The company said it had revenues of $19 million, beating analyst estimates of $18.75 million. Earnings per share of 12 cents beat analyst estimates of 11 cents per share. The company also reported net income of $4 million. The Read More →
Inphi reports revenues up for first quarter
After missing analyst estimates in the fourth quarter of 2015, Inphi bounced back when it reported first quarter earnings April 28. Inphi reported revenues of $66.5 million, up from $59.1 million during the first quarter of 2015. It barely beat analyst estimates of $66.2 million, according to Zacks Investment Research. The company reported net income Read More →
Amgen exceeds Wall Street expectations for first quarter earnings
Amgen blew away Wall Street expectations and raised its 2016 guidance when it released first quarter earnings April 28. The Thousand Oaks biotech giant had profits of $2.2 billion, up from $1.91 billion during the same quarter last year. Revenues of $5.53 billion were also up from $5 billion in 2015 and surpassed analyst estimates Read More →
OCB Bancorp reports strong growth in first quarter of 2016
OCB Bancorp, parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, reported April 28 that it experienced strong growth in the first quarter of 2016. Loans reached $183 million, increasing by approximately $6 million for the first quarter, for an annualized growth rate of 15 percent. Read More →
American Riviera Bank reports benefits of merger with The Bank of Santa Barbara
Santa Barbara’s American Riviera Bank reported net income of $176,000 or 4 cents per share for the first quarter of 2016, compared to $443,000 or 17 cents per share for the same period in 2015. Operating income excluding costs related to the merger with The Bank of Santa Barbara for the first quarter of 2016 Read More →
Flir Systems beats revenue estimates but misses on earnings per share
Flir Systems topped revenue estimates but missed earnings per share expectations when it reported first quarter 2016 earnings April 26. Flir posted revenues of $379.5 million, trouncing analyst estimates of $357.8 million. That is also up from $344.5 million a year ago. Earnings per share of 30 cents slightly missed analyst estimates of 32 cents Read More →
