Pandemic has silver lining for Trade Desk
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PennyMac’s quarter to remember
With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →
Inogen revenue falls, but Q2 earnings beat analyst estimates
The COVID-19 pandemic continued to cut into Inogen’s revenue, as new physician referrals and patient mobility declined during a quarter usually marked by increased patient travel and demand. Revenue fell nearly 30 percent in the second quarter to $71.7 million, missing average analyst estimates, and net income of $2.7 million was down from $9.9 million Read More →
Alaska Airlines to add Santa Barbara-San Diego daily flights
Alaska Airlines will fly direct daily from Santa Barbara to San Diego starting Nov. 20, Santa Barbara Airport announced Aug. 4. Alaska Airlines already offers daily service from Santa Barbara to Seattle and Portland. The new flight reduces travel between San Diego and Santa Barbara from a car trip that can take anywhere from four Read More →
Goleta small-business grants available until Aug. 7
Grants are available for Goleta’s small businesses, but only for a short time. The grants are being provided by the Santa Barbara Better Together Fund Small Business Grant Program, which was launched in partnership with the city of Goleta, the Santa Barbara Foundation and Deckers Brands. Grants of up to $10,000 will be available for Read More →
Amgen teams up with competitors in COVID treatment trial
Amgen has joined two of its competitors in launching a trial for drugs to treat patients with COVID-19. Together with Chicago-based AbbVie and Japanese drugmaker Takeda Pharmaceutical, the Thousand Oaks biotech giant said Aug. 3 it had enrolled the first patients into a clinical trial for the anti-inflammatory drugs Otezla, cenicriviroc and Firazyr. Otezla is Read More →
Deckers beats expectations with rising sales, shrinking losses in second quarter
Goleta-based Deckers Brands, the parent company of Ugg and Teva, saw its net sales increase in the second quarter as the footwear company continued to beat expectations and trim expenses. Sales increased 2.3 percent, to $283.2 million, compared to $276.8 million at the same point in 2019. The company still took a loss, but the Read More →
