Amgen beats expectations in Q3 earnings report
Amgen, one of the biggest biopharmaceutical companies in the world, continued to see growth in the third quarter of 2020, despite the COVID-19 pandemic. The Thousand Oaks-based company saw total revenue of $6.4 billion for the quarter, up 12 percent from the third quarter of 2019. Earnings per share increased 5 percent to $3.43. Both Read More →
Read More →Driven by pandemic loans, American Riviera Bank reports record earnings
American Riviera Bank saw its net income rise sharply this year, with a 46 percent increase in net income in third quarter earnings year-over-year. The Santa Barbara-based bank reported $2.26 million in net income the quarter, or 45 cents per share. For the same quarter in 2019, the bank had $1.55 million in net income, Read More →
Read More →Earnings up at Community West Bank
Community West Bancshares, the holding company for Goleta-based Community West Bank, saw net income and net interest income rise in the third quarter, according to the company’s latest financial filings. The bank reported a net income of $2.9 million, or 33 cents per diluted share, as compared to $2.2 million, or 25 cents per diluted Read More →
Read More →Teledyne reports earnings dip
Despite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
Read More →Resonant reports earnings bump
Resonant, the Goleta-based maker of components for wireless devices, reported a sharp increase in sales and a reduced cash burn for its third quarter ended Sept. 30. The company said revenue jumped to $1.4 million, compared to $79,000 in the same quarter a year ago and $600,000 in the second quarter, as it received a Read More →
Read More →AeroVironment’s revenue up, profit down
AeroVironment, the Simi Valley-based drone maker, said revenue in its first quarter grew slightly to $87.4 million as the company’s profit fell to 42 cents per share from 71 cents a year earlier. “We are on track to achieve our fiscal year 2021 plans and deliver another year of profitable top line growth, despite the Read More →
Read More →Limoneira reports profit, record sales
Santa Paula-based citrus producer Limoneira reported a solid third quarter on Sept. 9, with revenue up 5.3 percent and a profit of 12 cents per share that reversed a year-ago loss. The company said it sold a record 2 million cartons of lemons for the quarter and avocado volume increased. The company’s real estate operations Read More →
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