The Trade Desk doubles net income for second quarter
The Trade Desk stock slumped more than 7 percent ahead of an earnings release that showed a 54 percent increase in the Ventura-based company’s second quarter earnings, bringing in $72.8 million and doubling its net income to $18.8 million. Earnings per diluted share nearly tripled to 43 cents, up from 15 cents for the same Read More →
Read More →LTC Properties reports higher net income for second quarter
LTC Properties, a Westlake Village-based real estate investment trust, reported $25.3 million in net income or 64 cents per diluted share for the second quarter of 2017 on Aug. 9. That was up from $22.1 million, or 58 cents per diluted share, for the second quarter of 2016. The company had higher revenues in 2017 Read More →
Read More →Sientra increases sales but legal settlement doubles losses
Sientra increased net sales more than 30 percent for its second quarter ended June 30 but net losses doubled to $20.4 million, or $1.07 per share. The Goleta breast implant designer and manufacturer brought in $8.2 million in sales, up from $6.2 million for the second quarter of 2016, primarily for its breast products. Its Read More →
Read More →Inphi stock up despite reporting net loss for quarter
Inphi stock shot up more than 4 percent Aug. 8 after the semiconductor company reported a 39 percent increase in revenues but still posted a $15 million net loss. Revenues grew to $84.4 million during the quarter ended June 30, compared to $60.5 million in the second quarter of 2016. Net income fell from nearly Read More →
Read More →Resonant opens office in South Korea to serve Chinese market
Resonant, the Goleta based designer of filters for mobile devices, opened a new office in South Korea after announcing a new customer in the Chinese market and the expansion of several licensing agreements with existing customers in the past six months. Jangwon Jung, formerly of Cavenish-Kinetics, was appointed as the country sales manager for South Read More →
Read More →Salem Media Group reports drop in revenues, net income
Christian and conservative radio and publishing company Salem Media Group, based in Camarillo, reported a decline in second quarter revenues to $66.1 million and net income down more than 60 percent to $1.3 million. Digital media, broadcast, and publishing revenues all saw slight declines. Operating expenses also decreased for the quarter ended June 30, compared Read More →
Read More →Mannkind reports net loss for second quarter
Mannkind reported $2.16 million in revenues Aug. 7, for a net loss of around $35.3 million for its second quarter, and announced the launch of a clinical trial for its inhalable insulin product Afrezza in partnership with One Drop. Revenues came primarily from the Westlake Village biotech company’s product sales, with $615,000 from collaborations and Read More →
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