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CoastHills Credit Union expands to five counties

By   /  Wednesday, August 13th, 2014  /  Banking & Finance, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy  /  Comments Off on CoastHills Credit Union expands to five counties

CoastHills Credit Union, the region’s largest credit union, has extended its reach from the southern edge of the Bay Area to the Los Angeles County line. The $750 million-asset financial institution said Aug. 13 that its July conversion from a federal to a state charter will allow it to set its service area as the Read More →

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Inogen raises 2014 guidance after beating on Q2 profits

By   /  Tuesday, August 12th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen raises 2014 guidance after beating on Q2 profits

Shares of Goleta-based Inogen climbed 4.3 percent in after-hours trading on Tuesday as the medical-device maker reported better-than-expected second-quarter revenue and profit. The company, which went public earlier this year, makes portable at-home oxygen concentrators. Its second-quarter revenue soared 50.8 percent to $30.4 million, beating the Capital IQ Consensus Estimate by $6.5 million. Product sales Read More →

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Funding farming’s future: USDA tags Tri-Counties for program

By   /  Friday, August 8th, 2014  /  Agribusiness, Banking & Finance, Central Coast, East Ventura County, Green Coast, South Coast, Top Stories, Tri-County Economy, West Ventura County, Wine & Viticulture  /  Comments Off on Funding farming’s future: USDA tags Tri-Counties for program

  A $10 billion federal fund from the U.S. Department of Agriculture could provide much-needed assistance for developing water systems and other infrastructure in the Tri-Counties, where the region’s agriculture industry has suffered tremendous losses from the drought. The USDA has designated Ventura, Santa Barbara and San Luis Obispo counties as “drought disaster counties” as Read More →

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Vitesse loss narrows as new product sales overtake legacy offerings

By   /  Wednesday, August 6th, 2014  /  Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Vitesse loss narrows as new product sales overtake legacy offerings

Vitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →

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Profits rise at PennyMac firms

By   /  Wednesday, August 6th, 2014  /  Earnings, East Ventura County, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on Profits rise at PennyMac firms

Moorpark-based PennyMac Financial Services said profits rose to $51.4 million on revenue of $130.4 million for the second quarter, beating Wall Street expectations for both measures.

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LTC beats on revenues, meets on profits

By   /  Wednesday, August 6th, 2014  /  Central Coast Health Watch, Earnings, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on LTC beats on revenues, meets on profits

Westlake Village-based LTC Properties beat revenue estimates in the second quarter as its funds from operations were up 17.8 percent to $22.5 million, or 64 cents per common diluted share, meeting Wall Street expectations.

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Conversant profits on track, extends buybacks

By   /  Wednesday, August 6th, 2014  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Conversant profits on track, extends buybacks

Westlake Village-based digital marketing firm Conversant stayed on track with earnings but slightly missed Wall Street’s revenue targets as it committed to returning $150 million more in cash to shareholders through stock buybacks.

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