February 25, 2024
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Latest

Inogen shares plummet after news of supply chain problems

By   /  Thursday, August 5th, 2021  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, middle, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

Latest

Salem reports profit in Q2

By   /  Thursday, August 5th, 2021  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Salem reports profit in Q2

Salem Media Group saw its net income rise over the last year as revenue and operating expenses both went up for the quarter ended June 30. The conservative media group has some of its main operations in Camarillo but moved its headquarters earlier this year to Irving, Texas. Its total revenue increased more than 20% Read More →

Latest

Inogen sees revenue growth, but stock declines after report

By   /  Wednesday, August 4th, 2021  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen sees revenue growth, but stock declines after report

Inogen, a Goleta-based medical device company specializing in portable oxygen concentrators, is starting to see its core business come back from the pandemic, and the company highlighted double-digit year-over-year growth in both earnings and revenue in its second quarter financial results, released Aug. 4. The company more than doubled its net income for the quarter Read More →

Latest

Amgen reports Q2 earnings decline

By   /  Tuesday, August 3rd, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen reports Q2 earnings decline

Amgen saw a 73% decline in net earnings in the second quarter of 2021, the company announced Aug. 3. Thousand Oaks-based Amgen, one of the world’s largest biotechnology companies, reported earnings per share of 81 cents for the quarter ended June 30, down from $3.05 per share in the same quarter last year. According to Read More →

Latest

Transphorm closes deal in Japan

By   /  Monday, August 2nd, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Transphorm closes deal in Japan

Goleta-based Transphorm announced the close of its acquisition of a Japanese-based water fabrication company on Aug. 2, alongside its new joint venture capital partner, JCP Capital. The facility, located in Aizu Wakamatsu, Japan, is considered to be the premier wafer manufacturing fab in the world for high-voltage gallium nitride power semiconductors, according to a press Read More →

Latest

Community West Bank reports increase in quarterly earnings

By   /  Monday, August 2nd, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community West Bank reports increase in quarterly earnings

In another sign of strength for the regional banking industry, Goleta-based Community West Bancshares reported a 17.5% increase in net income for the second quarter, to 41 cents per share. The parent of Community West Bank said on Aug. 2 that earnings for the most recent quarter were $3.6 million, versus $3 million for the Read More →

Latest

LTC Properties earnings rebound from pandemic lows

By   /  Thursday, July 29th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC Properties earnings rebound from pandemic lows

LTC Properties saw its net income soar a year after the pandemic caused serious interruptions to the real estate investment trust’s business model. On July 29, the Westlake Village-based REIT reported its net income for the second quarter of 2021 at $18.1 million, or 46 cents per share — an increase of more than 900% Read More →