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By Staff Report / Wednesday, September 9th, 2020 / Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Calavo reports net loss, revenue decline
Calavo Growers reported a 24.7 percent decline in revenue and a net loss of $15.6 million, or 89 cents per share, for its fiscal third quarter, as it adapted to lower avocado prices and took a loss on its investment in FreshRealm, its meal-kit delivery venture. Calavo, based in Santa Paula, said total revenue for Read More →
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By Staff Report / Wednesday, August 26th, 2020 / Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Revenue up at Semtech, down at QAD
Two of the region’s top technology companies reported second quarter earnings on Aug. 26, with results underscoring how the Internet of Things and cloud computing are transforming established players in semiconductors and software. Camarillo-based Semtech Corp, with a market cap of slightly more than $4 billion, said sales for the second quarter were $143.7 million, Read More →
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By Staff Report / Monday, August 10th, 2020 / Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies / Comments Off on Montecito Bank & Trust reports big quarter due to PPP loans
Montecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →
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By Amber Hair / Thursday, August 6th, 2020 / Banking & Finance, Banking Industry, Earnings, East Ventura County, Real Estate, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies / Comments Off on PennyMac’s quarter to remember
With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →
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By Marissa Nall / Tuesday, August 4th, 2020 / Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Tri-County Public Companies / Comments Off on Inogen revenue falls, but Q2 earnings beat analyst estimates
The COVID-19 pandemic continued to cut into Inogen’s revenue, as new physician referrals and patient mobility declined during a quarter usually marked by increased patient travel and demand. Revenue fell nearly 30 percent in the second quarter to $71.7 million, missing average analyst estimates, and net income of $2.7 million was down from $9.9 million Read More →
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