December 4, 2022
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Velocity shares rise after earnings beat

By   /  Friday, August 6th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Velocity shares rise after earnings beat

Velocity Financial saw its net income rise in its second quarter financial earnings, beating estimates. The Westlake Village-based mortgage firm had net income of $9.45 million, or 28 cents per share, well above analysts’ estimates of around 15 cents per share. Velocity Financial more than tripled its net income from the same time a year Read More →

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Amgen shrugs off tough quarter, announces plans for new plant in North Carolina

By   /  Friday, August 6th, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Subscriber content, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen shrugs off tough quarter, announces plans for new plant in North Carolina

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Latest

Procore posts loss in first post-IPO quarter

By   /  Thursday, August 5th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore posts loss in first post-IPO quarter

In its first earnings report since going public, Procore Technologies, a Carpinteria-based software company for the construction industry, delivered record revenue growth, but rising operating costs hurt overall earnings. Revenue rose 27.7% for the quarter ended June 30, the company reported on Aug. 5. Procore generated $122.8 million, up from $96.5 million in the same Read More →

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Salem reports profit in Q2

By   /  Thursday, August 5th, 2021  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Salem reports profit in Q2

Salem Media Group saw its net income rise over the last year as revenue and operating expenses both went up for the quarter ended June 30. The conservative media group has some of its main operations in Camarillo but moved its headquarters earlier this year to Irving, Texas. Its total revenue increased more than 20% Read More →

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Inogen sees revenue growth, but stock declines after report

By   /  Wednesday, August 4th, 2021  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen sees revenue growth, but stock declines after report

Inogen, a Goleta-based medical device company specializing in portable oxygen concentrators, is starting to see its core business come back from the pandemic, and the company highlighted double-digit year-over-year growth in both earnings and revenue in its second quarter financial results, released Aug. 4. The company more than doubled its net income for the quarter Read More →

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Amgen reports Q2 earnings decline

By   /  Tuesday, August 3rd, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen reports Q2 earnings decline

Amgen saw a 73% decline in net earnings in the second quarter of 2021, the company announced Aug. 3. Thousand Oaks-based Amgen, one of the world’s largest biotechnology companies, reported earnings per share of 81 cents for the quarter ended June 30, down from $3.05 per share in the same quarter last year. According to Read More →

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LTC Properties earnings rebound from pandemic lows

By   /  Thursday, July 29th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC Properties earnings rebound from pandemic lows

LTC Properties saw its net income soar a year after the pandemic caused serious interruptions to the real estate investment trust’s business model. On July 29, the Westlake Village-based REIT reported its net income for the second quarter of 2021 at $18.1 million, or 46 cents per share — an increase of more than 900% Read More →