May 22, 2022
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Amgen reports rising revenue, warns of flat 2021

By   /  Tuesday, February 2nd, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen reports rising revenue, warns of flat 2021

Amgen, one of the world’s largest biotech companies, saw rising revenue in the fourth quarter of 2020, but the COVID-19 pandemic could dampen the outlook for the company and its investors in 2021, according to earnings released Feb. 2. The Thousand Oaks-based biotech firm had $6.6 billion in revenue in the fourth quarter, a 7% Read More →

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Inphi reports record revenue, declining losses in 2020

By   /  Tuesday, February 2nd, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inphi reports record revenue, declining losses in 2020

Inphi, a Santa Clara semiconductor company with sizable operations in Thousand Oaks, reported record revenue for the fourth quarter of 2020 and a smaller net loss than the same quarter a year earlier. Inphi, which reported its earnings on Feb. 2, is in the midst of being acquired by Marvell Technology Group, a larger competitor Read More →

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Arcutis stock soars on drug trial news; company announces $150M capital raise

By   /  Monday, February 1st, 2021  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Arcutis stock soars on drug trial news; company announces $150M capital raise

Stock of Arcutis Biotherapeutics, a Westlake Village-based company developing dermatological treatments, shot up more than 30% on Feb. 1 after the company released positive results from a recent clinical trial. Later in the day, Arcutis said it plans to sell $150 million worth of its common stock. Before stock trading opened, the company announced positive Read More →

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Community West reports income growth in 2020

By   /  Monday, February 1st, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community West reports income growth in 2020

Community West Bancshares saw its net income rise in 2020, even as it fell slightly in the fourth quarter of the year. The parent company of Goleta-based Community West Bank reported a net income of $8.2 million, or 97 cents per diluted share, for all of 2020, as compared to $8 million, or 93 cents Read More →

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PPP loans drove income growth at American Riviera Bank

By   /  Thursday, January 28th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PPP loans drove income growth at American Riviera Bank

Net income at American Riviera Bank increased in both the fourth quarter and full year of 2020, on the back of high loan growth and other positive factors, the bank announced Jan. 28. The Santa Barbara-based bank said its annual unaudited net income was up 15% from the previous year. In 2019, American Riviera Bank Read More →

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Teledyne earnings report shows best-ever performance in 2020

By   /  Wednesday, January 27th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Teledyne earnings report shows best-ever performance in 2020

Teledyne Technologies beat analysts’ expectations when it announced its fourth quarter results Jan. 27, with a slight decrease in revenue but a bump in net income compared to the same quarter a year earlier. Teledyne, a Thousand Oaks-based industrial and scientific conglomerate, reported earnings per share of $3.48 for the fourth quarter of 2020, up Read More →

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Inogen names new CEO

By   /  Wednesday, January 27th, 2021  /  Banking & Finance, Health Care & Life Science, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen names new CEO

Inogen, a medical device company in Goleta that makes portable oxygen concentrators, named a new president and CEO on Jan. 27. Nabil Shabshab, 56, will lead the company starting Feb. 8, Inogen said. He has spent the last nine years with the medical technology company Becton Dickinson and Company, including the past three and a Read More →