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First quarter profit up at LTC Properties

By   /  Monday, May 8th, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on First quarter profit up at LTC Properties

Westlake Village-based LTC Properties on May 8 reported $21.4 million in profit for the first quarter of 2017, or 54 cents per diluted share, up from $19.8 million, or 53 cents per diluted share, during the first quarter of 2016. LTC Properties is a real estate investment trust that buys facilities such as nursing homes. Read More →

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Boost in revenues helps AppFolio turn first quarter profit

By   /  Friday, May 5th, 2017  /  Earnings, Latest news, South Coast, Technology, Tri-County Public Companies  /  Comments Off on Boost in revenues helps AppFolio turn first quarter profit

Updated at 3:45 p.m. May 8: Goleta-based software company AppFolio announced first quarter profits of $660,000, or 2 cents per share, after a 38 percent increase in revenues over 2016. Net income edged into the positive, compared to a $3.6 million loss for the same period last year and fourth quarter losses of $1.3 million. Read More →

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PennyMac Financial Services misses analysts’ first-quarter profit estimates

By   /  Friday, May 5th, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac Financial Services misses analysts’ first-quarter profit estimates

Westlake Village-based PennyMac Financial Services reported first-quarter profit of $10.9 million or 47 cents per share on May 5. The results were lower than Wall Street expectations, which analysts surveyed by Zacks Investment Research had put at 63 cents per share. PennyMac Financial Services reported $62 million in pretax income for the first quarter of Read More →

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Central Coast credit unions on the rise

By   /  Friday, May 5th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news, South Coast  /  Comments Off on Central Coast credit unions on the rise

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Teledyne’s 2017 first quarter sales up but net income down

By   /  Thursday, May 4th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne’s 2017 first quarter sales up but net income down

Thousand Oaks-based Teledyne Technologies on May 4 reported first quarter 2017 sales of $566.1 million, compared with sales of $530.5 million for the first quarter of 2016, an increase of 6.7 percent. Net income was $30.5 million or 84 cents per diluted share for the first quarter of 2017, compared with $39.0 million or $1.11 Read More →

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MindBody revenue soars but net loss continues

By   /  Thursday, May 4th, 2017  /  Central Coast Health Watch, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on MindBody revenue soars but net loss continues

San Luis Obispo-based MindBody reported $42.2 million in first quarter revenue, a 32 percent increase from a year ago during the same period, but the company still reported a net loss. The GAAP net loss in the first quarter of 2017 was $3.9 million, down from $6.6 million during the first quarter of 2016. The Read More →

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Inphi revenues grow but net loss increases

By   /  Tuesday, May 2nd, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Inphi revenues grow but net loss increases

Semiconductor producer Inphi, with operations in Westlake Village, reported first quarter net losses of $11.3 million May 2, compared to net income of $220,000 in the first quarter of 2016. The company brought in $93.6 million in revenue from continuing operations, up from an adjusted $54.1 million for the same period last year and $80.9 Read More →

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