Farm Credit West net income grows
Roseville-based Farm Credit West increased its net income from $163 million in 2014 to $169 million in 2015, the credit union announced on March 14. Farm Credit West has offices in Carpinteria, Santa Maria, Templeton and Ventura, where it provides loans, leases and financial services to farmers, ranchers, rural homeowners, agribusinesses and agricultural and rural Read More →
Read More →Inogen shares soar after reporting revenues up 40 percent
Inogen shares ended the day up 17 percent March 15 after the Goleta-based maker of direct-to-consumer respiratory products reported strong quarterly and annual earnings March 14. The company’s revenues increased about 40 percent during the fourth quarter and 2015 fiscal year because of strong business-to-business sales. In after-hours trading March 14, the stock shot up Read More →
Read More →Sage Network and Sage Communications to merge
Two Camarillo companies will merge to form Sage Network and Communications. Sage Network, founded in 2005 by tech veteran Randy Hill, provides and maintains IT infrastructure for small-to-medium sized companies. Tech veteran Rick Minyard founded Sage Communications in 2013 to offer clients telecommunications and Internet services. The new company will have about 600 clients in Read More →
Read More →Limoneira revenues fell, loss grew in first quarter
Santa Paula-based Limoneira reported a loss of about $4 million and revenues fell $3 million in first quarter earnings results the company released March 10. Revenues fell from $28 million during the first quarter of 2015 to $25 million in 2016. Net losses widened from $1.4 million in 2015 to $3.9 million in 2016. Losses Read More →
Read More →QAD revenues and profits fell in fourth quarter and fiscal year 2016
Santa Barbara software developer QAD’s revenues and profits fell, the company reported in fourth quarter and fiscal year 2016 earnings results March 10. Fourth quarter revenues fell from $79.6 million in 2015’s fourth quarter to $69.3 million in 2016. Gross profits fell from $45.7 million to $38.4 million. QAD hit analyst revenue estimates of $69 Read More →
Read More →As Rush steps down, CSUCI welcomes first woman president
In a move that signals a new era of leadership, CSU Channel Islands will get its first woman president, and the current CI provost will take the helm at CSU Chico. The CSU Board of Trustees announced March 9 that Erika Beck, currently provost at Nevada State College will become the second president of CI. Read More →
Read More →Calavo Growers beats per share estimates but misses on revenue
Calavo Growers beat per share analyst expectations but missed revenue estimates when the company reported fiscal year 2016 first quarter earnings March 8. The Santa Paula-based avocado grower reported earnings per share of 37 cents, 2 cents better than estimates compiled by financial information provider S&P Capital IQ. Revenues increased 5 percent from $194.8 million Read More →
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