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By Philip Joens / Thursday, April 28th, 2016 / Central Coast Health Watch, Earnings, Latest news, Tri-County Public Companies / Comments Off on Amgen exceeds Wall Street expectations for first quarter earnings
Amgen blew away Wall Street expectations and raised its 2016 guidance when it released first quarter earnings April 28. The Thousand Oaks biotech giant had profits of $2.2 billion, up from $1.91 billion during the same quarter last year. Revenues of $5.53 billion were also up from $5 billion in 2015 and surpassed analyst estimates Read More →
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By Staff Report / Thursday, April 28th, 2016 / Education, Latest news / Comments Off on Antioch University Santa Barbara hires new president
Antioch University Santa Barbara has hired William Flores to be its new president. Flores will serve as the fourth president of the Santa Barbara campus, succeeding Nancy Leffert. Leffert will retire on June 30 after seven years of service. “The committee felt that Dr. Flores had both an impressive background and the visionary thinking to Read More →
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By Staff Report / Thursday, April 28th, 2016 / Banking & Finance, Banking Industry, Earnings, Latest news / Comments Off on OCB Bancorp reports strong growth in first quarter of 2016
OCB Bancorp, parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, reported April 28 that it experienced strong growth in the first quarter of 2016. Loans reached $183 million, increasing by approximately $6 million for the first quarter, for an annualized growth rate of 15 percent. Read More →
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By Staff Report / Thursday, April 28th, 2016 / Education, Latest news / Comments Off on Fentons give $1 million to news department at KCLU
Linda and Dennis Fenton of Westlake Village have donated $1 million to the news department of radio station KCLU. The Linda and Dennis Fenton KCLU Radio News Endowment will be used to hire personnel and enhance equipment, programming and production. The National Public Radio station serves Ventura, Santa Barbara and San Luis Obispo counties. The Read More →
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By Staff Report / Thursday, April 28th, 2016 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on American Riviera Bank reports benefits of merger with The Bank of Santa Barbara
Santa Barbara’s American Riviera Bank reported net income of $176,000 or 4 cents per share for the first quarter of 2016, compared to $443,000 or 17 cents per share for the same period in 2015. Operating income excluding costs related to the merger with The Bank of Santa Barbara for the first quarter of 2016 Read More →
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By Staff Report / Tuesday, April 26th, 2016 / Earnings, Latest news, Tri-County Public Companies / Comments Off on Flir Systems beats revenue estimates but misses on earnings per share
Flir Systems topped revenue estimates but missed earnings per share expectations when it reported first quarter 2016 earnings April 26. Flir posted revenues of $379.5 million, trouncing analyst estimates of $357.8 million. That is also up from $344.5 million a year ago. Earnings per share of 30 cents slightly missed analyst estimates of 32 cents Read More →
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By Staff Report / Tuesday, April 26th, 2016 / Earnings, Latest news, Tri-County Public Companies / Comments Off on Lockheed Martin’s first quarter results mixed
Lockheed Martin reported mixed first quarter 2016 earnings results on April 26. During the quarter, Lockheed Martin posted revenues of $11.7 billion and earnings per share of $2.58. Thompson Reuters analysts had predicted revenues of $11.34 billion and earnings per share of $2.59. During the same quarter last year, the company had revenues of $10.11 Read More →
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