Sonos shares up after strong earnings report
Sonos saw a record second quarter as it reported $17.2 million in net income on May 12, up from a steep loss the year before, and beat investor expectations. The Santa Barbara-based home sound system producer went from a net loss of $52.3 million, or 48 cents per share, in the second fiscal quarter of Read More →
Read More →Procore discloses projected share price for $600 million-plus IPO
Carpinteria-based Procore Technologies plans to price its initial public offering between $60 and $65 per share, which would raise more than $600 million and give it a market capitalization of around $8 billion. Procore, a cloud software company for the construction industry, filed an amended S-1 statement on May 10 with the U.S. Securities and Read More →
Read More →Trade Desk stock takes sharp dive after earnings report
Shares of The Trade Desk plummeted around 26% after the Ventura-based advertising technology company released first quarter earnings on May 10 that included a year-over-year drop in net income. The Trade Desk also announced an upcoming 10-to-1 stock split. On June 16, shareholders will receive nine shares of common stock for each share held on Read More →
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Westlake Village BioPartners makes big bet on gene therapy with Capsida
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Read More →Amgen planning apartments on its land in Thousand Oaks
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Read More →Pandemic has hastened ascent of e-commerce, trade expert tells Port of Hueneme
Since the Great Recession of 2008, the e-commerce trade has grown nearly 20% each year, and the COVID-19 pandemic has only accelerated that trend. That was one of the themes of a talk on May 4 by Marianne Rowden, the founder of TradeNerd and former president and CEO of the American Association of Importers and Read More →
Read More →Sports businesses ramp up as training and play return
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