Amgen delivers earnings beat despite acquisition headaches
Amgen delivered a sound beat of Wall Street analysts’ predictions for its second quarter of 2023 en route to posting a record revenue. The biotech giant reported a total revenue of just under $7 billion, beating the Yahoo Finance estimate by 4.6% and causing the stock to jump up 2.3% in after-hours trading. Amgen attributed Read More →
AppFolio’s investments in AI paying off
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Hoka sees growth, but the rest of Deckers’ footwear sales struggle
Goleta-based Deckers Brands announced its earnings report for the first quarter after the markets closed on July 27 and behind the news that the majority of its footwear brands hit a snag, some investors have lowered their opinion on the stock. Deckers reported revenue worth $675.8 million, a 10% increase compared to $614.5 million in Read More →
AppFolio announces second quarter results, delivers earnings beat
Goleta-based AppFolio delivered a sound earnings beat on July 27, as new CEO Shane Trigg announced rising non-GAAP net income and revenue for the second quarter. AppFolio, a software company for the real estate industry, saw revenue increase to $147.1 million in the second quarter of 2023, a 25% increase from $117.4 million in the Read More →
Banc of California acquires PacWest in an all-stock deal
Santa Ana-based Banc of California is acquiring Beverly Hills-based PacWest Bancorp in an all-stock deal, the companies jointly announced on July 25. The deal, expected to close in the fourth quarter of 2023 or the first quarter of 2024, will create a combined $36 billion in total loans and assets. The bank will be based Read More →
Teledyne shares fall despite solid earnings beat
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Community Bank of Santa Maria notes key increases in second quarter
The Community Bank of Santa Maria announced its earnings for the second quarter on July 10, finding that it had recorded increases in net income and net loans. In the second quarter, the bank saw net income increase 50.7% year-over-year to $1.3 million. Similarly, net loans increased 8.9% from the second quarter of last year Read More →
