AppFolio’s investments in AI paying off
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Hoka sees growth, but the rest of Deckers’ footwear sales struggle
Goleta-based Deckers Brands announced its earnings report for the first quarter after the markets closed on July 27 and behind the news that the majority of its footwear brands hit a snag, some investors have lowered their opinion on the stock. Deckers reported revenue worth $675.8 million, a 10% increase compared to $614.5 million in Read More →
AppFolio announces second quarter results, delivers earnings beat
Goleta-based AppFolio delivered a sound earnings beat on July 27, as new CEO Shane Trigg announced rising non-GAAP net income and revenue for the second quarter. AppFolio, a software company for the real estate industry, saw revenue increase to $147.1 million in the second quarter of 2023, a 25% increase from $117.4 million in the Read More →
Teledyne shares fall despite solid earnings beat
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Community Bank of Santa Maria notes key increases in second quarter
The Community Bank of Santa Maria announced its earnings for the second quarter on July 10, finding that it had recorded increases in net income and net loans. In the second quarter, the bank saw net income increase 50.7% year-over-year to $1.3 million. Similarly, net loans increased 8.9% from the second quarter of last year Read More →
Ag stocks remain optimistic despite economic headwinds
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Semtech shares rise in after-hours trading following earnings beat
Camarillo-based Semtech saw its shares rise nearly 15% in after-hours trading on June 7, hours following the company’s first-quarter earnings announcement in which it beat analyst expectations in both revenue and net income. Semtech, which specializes in the Internet of Things applications, generated revenue worth $236.5 million, an increase of 41.2% sequentially, which means from Read More →
