Calavo Growers reports record sales and earnings
Shares of Santa Paula-based Calavo Growers soared on June 6 after the company reported record sales and earnings for the second quarter of its fiscal year. Calavo shares jumped $4 and closed at $73.05 on average trading volume, a 5.8 percent gain for the day which made it the 20th biggest gainer on Nasdaq. The Read More →
Salem Media announces dividend
The board of directors for Camarillo-based Salem Media declared a 6.5 cent dividend June 1. Stockholders of record as of June 16 will receive the dividend June 30. Shares for the Christian and conservative radio company were up 0.7 percent as of 12:18 p.m. June 1 to $6.90. • Contact Marissa Nall at mnall@pacbiztimes.com.
Semtech earnings fall short of analyst estimates
Semtech announced first quarter 2018 earnings of $11.8 million June 1, a 71 percent increase over the previous first quarter for earnings per share of 18 cents — missing analyst estimates ranging from 28 to 41 cents per share. Net sales rose 9.6 percent to $143.8 million during the quarter ended April 30, after deducting Read More →
Manufacturing software provider QAD reports net loss
Santa Barbara-based manufacturing software provider QAD reported a $2.6 million net loss for the fiscal first quarter 2018, ended April 30. Revenues grew 9.1 percent compared to the same period the previous year to $71.4 million, despite a $1.2 million impact from currency. This was primarily driven by a 34 percent increase in subscription revenue Read More →
Deckers Brands’ losses grow as footwear sales decline
Updated at 4:20 p.m. May 26: Deckers Brands shares jumped more than 18.8 percent to $67.21 on May 26 following an earnings announcement that beat analyst expectations and continued to climb in after-hours trading. Deckers reported a net loss of $15.76 million for its fourth quarter, bringing it to a net loss of $12.7 million Read More →
PennyMac declares dividend of 54 cents
The board of trustees for PennyMac Mortgage Investment Trust declared a dividend of 54 cents for the Westlake Village company’s stockholders May 23. The dividend will be paid on June 15 to stockholders of record June 1. • Contact Marissa Nall at mnall@pacbiztimes.com.
MindBody expects to raise $120 million with stock offering
San Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
