Sonos earnings hindered by recent app problems
By Julia Staley Special to the Business Times Sonos’ quarter three results beat analyst estimates despite recent app glitches. The Santa Barbara-based audio equipment manufacturer held its quarter three earnings call on Aug. 7, reporting company revenue at $397.1 million, a 6% year-over-year increase. Sonos CEO Patrick Spence primarily attributed Sonos’ revenue growth to its Read More →
Olaplex sees positive signs in Q2
Montecito-based Olaplex saw revenue and earnings decrease year-over-year in the second quarter of 2024, but met analysts’ expectations. Released Aug. 6, Olaplex noted revenue worth $103.9 million, a 4.8% decrease from the same quarter a year ago. Similarly, net income fell to $5.7 million for the quarter ended June 30, a 6.1% decrease. Adjusted net Read More →
The Trade Desk’s net income, revenue beat analysts’ Q2 expectations
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Amgen’s bottom line falls in Q2, but analysts remain confident
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Procore revenue up 25%, net loss down in Q2
Carpinteria-based Procore Technologies, a construction management software company, announced its results for the second quarter on Aug. 1. For the quarter ended June 30, Procore’s revenue was $284 million, an increase of 24% year-over-year. Moreover, the company, which has never achieved a profit, substantially cut its net loss in the second quarter, suffering a loss Read More →
Deckers continues delivering strong performances quarter after quarter
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American Riviera Bank releases Q2 earnings
Santa Barbara-based American Riviera Bank saw net income take a slight dip in the second quarter of 2024. Announced July 24, ARB noted net income of $2.5 million for the quarter ended June 30, down from $2.7 million in the same quarter a year ago. According to a press release, the dip in net income could be Read More →
