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LTC Properties reports income jump in fourth quarter

By   /  Tuesday, February 23rd, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC Properties reports income jump in fourth quarter

LTC Properties saw steady returns and a higher net income than a year ago when it reported its finances for the fourth quarter of 2020. The Westlake Village-based real estate investment trust, which focuses on senior housing and health care properties, reported net income of $17.5 million, or 45 cents per diluted share, for 2020’s Read More →

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Trade Desk reports record revenue in 2020, but shares drop with no 2021 guidance

By   /  Thursday, February 18th, 2021  /  Banking & Finance, Earnings, Latest news, right, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Trade Desk reports record revenue in 2020, but shares drop with no 2021 guidance

The Trade Desk ended its 2020 fiscal year on strong note, with 26% growth in revenue and 123% growth in net income from 2019, according to the fourth quarter and full year financial results the Ventura-based internet advertising company released Feb. 18. Trade Desk CEO Jeff Green spotlighted the company’s continued market share gain, as Read More →

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Arcutis shares flat on earnings report

By   /  Tuesday, February 16th, 2021  /  Banking & Finance, Biotech, Earnings, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Arcutis shares flat on earnings report

Arcutis Biotherapeutics saw a steep rise in operating expenses resulting in a 183% increase in net loss compared to the previous year when the company revealed its fourth quarter and full-year financial results on Feb. 16. However, the Westlake Village biotech company is still in high spirits, as the company is in a “strong financial Read More →

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Conejo Valley braces for Amgen layoffs

By   /  Friday, February 12th, 2021  /  Banking & Finance, Biotech, East Ventura County, Latest news, left, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Conejo Valley braces for Amgen layoffs

Biotech giant Amgen is in the process of laying off hundreds of workers, including as many as 100 at its Thousand Oaks headquarters. According to a spokesperson for the company, approximately 500 workers will be let go beginning April 2, with fewer than 20% of those workers located in Thousand Oaks. Amgen employs around 22,000 Read More →

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Latest

Sonos shares rise on earnings beat

By   /  Wednesday, February 10th, 2021  /  Banking & Finance, Earnings, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sonos shares rise on earnings beat

Sonos saw a big bump in its stock after the markets closed Feb. 10 after the Santa Barbara-based home audio company released a strong earnings report for the first quarter of its fiscal year 2021.  Sonos saw an 87% increase in net income and a 15% increase in revenue for the quarter that ended Jan. Read More →

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Latest

Amgen to lay off hundreds, including in Thousand Oaks

By   /  Monday, February 8th, 2021  /  Banking & Finance, Biotech, East Ventura County, Latest news, left, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen to lay off hundreds, including in Thousand Oaks

Biotech giant Amgen is in the process of laying off hundreds of workers, including as many as 100 at its Thousand Oaks headquarters. According to a spokesperson for the company, approximately 500 workers will be let go beginning April 2. Less than 20% of those workers are located in Thousand Oaks. Amgen employs around 22,000 Read More →

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Montecito Bank & Trust reports growth in assets, deposits and income

By   /  Friday, February 5th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports growth in assets, deposits and income

Montecito Bank & Trust saw its total assets grow more than 20% during 2020, on the back of strong loan production, deposit growth and higher net income, the bank said Feb. 5. The bank’s total assets grew $344.1 million, a boost of about 21.4% from the previous year, bringing Montecito Bank & Trust’s total assets Read More →

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