PennyMac Financial Services misses analysts’ first-quarter profit estimates
Westlake Village-based PennyMac Financial Services reported first-quarter profit of $10.9 million or 47 cents per share on May 5. The results were lower than Wall Street expectations, which analysts surveyed by Zacks Investment Research had put at 63 cents per share. PennyMac Financial Services reported $62 million in pretax income for the first quarter of Read More →
Teledyne’s 2017 first quarter sales up but net income down
Thousand Oaks-based Teledyne Technologies on May 4 reported first quarter 2017 sales of $566.1 million, compared with sales of $530.5 million for the first quarter of 2016, an increase of 6.7 percent. Net income was $30.5 million or 84 cents per diluted share for the first quarter of 2017, compared with $39.0 million or $1.11 Read More →
MindBody revenue soars but net loss continues
San Luis Obispo-based MindBody reported $42.2 million in first quarter revenue, a 32 percent increase from a year ago during the same period, but the company still reported a net loss. The GAAP net loss in the first quarter of 2017 was $3.9 million, down from $6.6 million during the first quarter of 2016. The Read More →
Inphi revenues grow but net loss increases
Semiconductor producer Inphi, with operations in Westlake Village, reported first quarter net losses of $11.3 million May 2, compared to net income of $220,000 in the first quarter of 2016. The company brought in $93.6 million in revenue from continuing operations, up from an adjusted $54.1 million for the same period last year and $80.9 Read More →
Amgen revenues fall but profits increase
Thousand Oaks-based biotech giant Amgen’s total revenues decreased by 1 percent to $5.5 billion during the first quarter of 2017, compared to the same period a year ago, according to an earnings report April 26. The drop was related to the plunge in sales of Enbrel, its rheumatoid arthritis drug. Sales decreased 15 percent due Read More →
Montecito Bank & Trust reports growth in assets, loans, deposits and income
Montecito Bank & Trust’s total assets grew by $68.1 million to $1.3 billion in the prior 12-month period, according to a quarterly report released April 20. The bank also reported loan growth of $155 million and increased deposits by 7.34 percent. The bank also reported that its net income for the period grew 28 percent Read More →
Carpinteria software company Procore opening office in Australia
Construction software company Procore, based in Carpinteria, has opened a new office in Sydney, Australia. The addition of the new location is a response to high demand in Australia and New Zealand, the company said in a news release April 20. Its customers have reached more than 100 in the region, with more than 50,000 Read More →
