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Montecito Bank & Trust

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San Luis Obispo’s Mindbody beats estimates but shares still down

By   /  Tuesday, August 4th, 2015  /  Earnings, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on San Luis Obispo’s Mindbody beats estimates but shares still down

San Luis Obispo-based Mindbody beat analyst estimates when it released second quarter earnings on Aug. 4, but shares still ended down for a ninth consecutive day. Mindbody lost 21 cents per share, but analysts had predicted losses of 31 cents per share. Mindbody’s surprising earnings are a rare recent bright spot for the company since Read More →

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Montecito Bank & Trust net income jumped 44 percent over prior year

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income jumped 44 percent over prior year

Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →

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Homebuilder Ryland Group shares soar after announcing merger with Standard Pacific

By   /  Monday, June 15th, 2015  /  Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Homebuilder Ryland Group shares soar after announcing merger with Standard Pacific

Shares of Westlake Village-based homebuilder Ryland Group soared more than $2.20 or 5 percent to more than $45 per share after the company announced a merger with rival Standard Pacific of Irvine. Though billed as a “merger of equals,” the roughly $5.2 billion deal would give Standard Pacific shareholders the majority of shares in the Read More →

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Deckers posts record Q4 revenue, beats Wall Street expectations

By   /  Thursday, May 28th, 2015  /  Earnings, Latest news, South Coast, Top Stories  /  Comments Off on Deckers posts record Q4 revenue, beats Wall Street expectations

Goleta-based footwear and apparel company Deckers managed to smash Wall Street expectations in its fiscal 2015 fourth quarter earnings. The company recorded a $1.4 million profit for the quarter after posting a loss in the same period last year. Deckers also had record revenue of $340.6 million for the quarter, an increase of 15.6 percent Read More →

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Community West post big first-quarter numbers

By   /  Friday, April 24th, 2015  /  Earnings, Latest news, Top Stories  /  Comments Off on Community West post big first-quarter numbers

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a profit of $1.8 million in the first quarter of 2015. The company recorded a profit of $1.4 million in the same period last year. “Community West’s first quarter accomplishments were a good start to the year as we continue to successfully strengthen our Read More →

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CalAmp’s fourth-quarter earnings surpass predictions

By   /  Wednesday, April 22nd, 2015  /  Earnings, Latest news  /  Comments Off on CalAmp’s fourth-quarter earnings surpass predictions

[wikichart align=”right” ticker=”NASDAQ:CAMP” showannotations=”true” livequote=”true” startdate=”22-10-2014″ enddate=”22-04-2015″ width=”300″ height=”245″] CalAmp shares soared more than 20 percent on April 22 after the company reported earnings for the quarter that beat estimates. Volume was unusually heavy with nearly 6 million shares trading hands, roughly 15 times average daily volume of about 450,000 shares. CalAmp’s profit was 32 Read More →

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Amgen boosts outlook on positive first-quarter results

By   /  Tuesday, April 21st, 2015  /  Earnings, East Ventura County, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen boosts outlook on positive first-quarter results

On the strength on the results, the company raised its full-year earnings per share guidance to between $9.35 and $9.65 from its previous forecast of $9.05 to $9.40.

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