NiMin reports $1.5M loss
NiMin Energy Corp., the Carpinteria-based oil and gas producer that is disbanding, said it narrowed its first-quarter loss to $1.5 million, compared to a loss of $8.5 million a year ago. The company said in late April that poor stock-price performance prompted it to start dismantling the business and selling its assets. The move came Read More →
LTC earnings jump 122%
[wikichart align=”right” ticker=”NYSE:LTC” showannotations=”true” livequote=”true” startdate=”08-11-2011″ enddate=”08-05-2012″ width=”300″ height=”245″] Real estate investment trust LTC Properties reported $12 million in first-quarter profits, a 122 percent increase over the $5.4 million it earned a year ago. Per diluted share, the Westlake Village-based company earned 40 cents in the most recent quarter, compared to 20 cents in the Read More →
Power-One predicts European solar revival in Q2
Signs of a resurgence in its European market prompted Power-One to project better-than-expected second-quarter profits on May 3 even as it said that first-quarter income dropped 84.1 percent to $4.9 million, or 3 cents per diluted share. Net sales were up 8.3 percent to $225.8 million. The company’s renewable energy division contributed $149 million to Read More →
ValueClick shares drop 22% on Q2 outlook
Shares of online advertising firm ValueClick plunged 22.2 percent after the Westlake Village-based firm projected lower-than-expected second-quarter revenues of between $155 million and $160 million. One analyst told Bloomberg News that the company is reducing traffic in its owned-and-operated website segment. ValueClick reported first-quarter profits of $21.6 million – 27.8 percent above the same quarter Read More →
Deckers stock slips as profits drop 59%
Unseasonably warm weather dampened first-quarter profits at Ugg boot maker Deckers Outdoor Corp and sent its share price tumbling more than 18 percent after the earnings announcement. The Goleta-based footwear company reported April 26 that quarterly profits were down 59 percent to $7.9 million, or 20 cents per share. The earnings drop came even as Read More →
FCAL profits drop 83%
First California Financial Group’s first-quarter profits plummeted 83.3 percent to $2.6 million, it reported on April 26. Per share, earnings were 8 cents, compared to 54 cents in the same quarter a year earlier. The Westlake Village-based parent of First California Bank said last year’s first-quarter results included a one-time $34.7 million pre-tax gain related Read More →
Ryland trims first-quarter loss as home sales pop
National homebuilder Ryland Group narrowed its first-quarter loss to $3 million from $17.4 milllion as orders for new homes jumped 46.6 percent. Ryland’s revenue climbed 28.7 percent year-over-year to $215.9 million as home orders and closings rose in tandem with average closing prices. The company, which last year moved its headquarters to Westlake Village, said Read More →
