Limoneira revenues fell, loss grew in first quarter
Santa Paula-based Limoneira reported a loss of about $4 million and revenues fell $3 million in first quarter earnings results the company released March 10. Revenues fell from $28 million during the first quarter of 2015 to $25 million in 2016. Net losses widened from $1.4 million in 2015 to $3.9 million in 2016. Losses Read More →
Read More →Calavo Growers beats per share estimates but misses on revenue
Calavo Growers beat per share analyst expectations but missed revenue estimates when the company reported fiscal year 2016 first quarter earnings March 8. The Santa Paula-based avocado grower reported earnings per share of 37 cents, 2 cents better than estimates compiled by financial information provider S&P Capital IQ. Revenues increased 5 percent from $194.8 million Read More →
Read More →Oxnard needs to get financial house in order
A Feb. 23 city council meeting in Oxnard underscores the fact that the region’s largest city still has some cleanup work to do after the financial scandal that engulfed the city several years ago. The accounting firm Eadie and Payne said that it needed until at least March 29 to prepare a schedule for the Read More →
Read More →Artisan winemakers star at Solvang Garagiste Festival
The winemakers who gathered to pour at the Garagiste Festival in Solvang on Feb. 13-14 are mostly unknown in the marketplace, have limited equipment of their own and produce in such small quantities that financially, as one artisan told me, “it’s not for the faint of heart, to put it mildly.” This is the world Read More →
Read More →Scalia’s death will impact cases of regional concern
The untimely death of Supreme Court Justice Antonin Scalia over President’s Day weekend will likely alter the trajectory of any number of cases before the court. Two of them are particularly relevant to the Tri-Counties. In Friedrichs v. California Teachers Association, the justices appeared to be closely divided on the question of whether to uphold Read More →
Read More →OCB Bancorp income up 142 percent in 2015
OCB Bancorp, the parent company of Ojai Community Bank, increased its year-over-year net income by 142 percent in 2015. OCB Bancorp’s net income grew from $380,000 in 2014 to $921,000 in 2015, or 40 cents in earnings per share. Total loans increased $48.2 million or 37.5 percent to $176.5 million in 2015. Total assets rose Read More →
Read More →Limoneira misses Wall Street expectations for fourth quarter
Santa Paula-based Limoneira Co. reported fiscal fourth-quarter net income of $654,000 on Jan. 11 after reporting a loss in the same period a year earlier. The company said it had profit of 4 cents per share. Losses, adjusted for non-recurring gains, came to 23 cents per share. The results did not meet Wall Street expectations. Read More →
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