Semtech shares fall despite rise in net income
Shares for Camarillo semiconductor and Internet of Things company Semtech fell more than 5 percent after the company reported a rise in net income but a lower than expected third quarter outlook. Net sales for the quarter ended July 30 increased 13 percent over its previous second quarter to $153.1 million, for a net income Read More →
Aerovironment stock climbs on report of higher revenues
Aerovironment stock rose cautiously ahead of its first quarter fiscal 2018 earnings results, and then spiked nearly 10 percent in after-hours trading with the announcement of a 21 percent increase in revenues and lower net losses. Revenues reached $43.8 million for the quarter ended July 29, up from $36.2 million for the first quarter the Read More →
QAD reports second-quarter loss of $1.2 million
Santa Barbara software company QAD had a fiscal second-quarter loss of $1.2 million or 6 cents per share, the company reported Aug. 24. Total revenue for the second quarter was $76 million, up from $69.8 million for the fiscal 2017 second quarter. Subscription revenue, which is 23 percent of total revenue, grew 41 percent year-over-year. The company Read More →
Plains submits $300 million plan to rebuild oil pipelines 901 and 903
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Revenue, net income soar at The Trade Desk
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Plains All American files plan to rebuild oil pipelines 901 and 903
Plains All American Pipeline has filed paperwork to rebuild a pair of aging oil pipelines in the Tri-Counties, including a line that caused the worst oil spill in decades on the Central Coast. Plains said on Aug. 16 that it has filed a plan with Santa Barbara County to rebuild Line 901, which broke in 2015, Read More →
Clean Diesel Technologies reports higher net loss for second quarter
Second quarter revenues remained flat at $8.4 million for Clean Diesel Technologies compared to 2016 but net losses increased to $385,000. The Oxnard-based company makes emissions control technology for diesel vehicles. A cost cutting initiative helped bring operating expenses down to $2.3 million for the quarter ended June 30, less than half what they were Read More →
