Amgen income tops $2B in Q3
Banking & Finance, Earnings, Health Care & Life Science, Latest news, middle, Regions, Top Stories, Tri-County Public Companies, Ventura CountyThousand Oaks-based Amgen saw a slight decline in revenue for the third quarter of 2022, but a substantial increase in earnings helped the company beat analysts’ expectations and maintain its stock price. One of the largest biotechnology companies in the world, Amgen delivered net income of $2.1 billion, or $3.98 per share, in the third Read More →
Procore beats estimates for Q3 revenue, earnings
Banking & Finance, Earnings, Latest news, left, Regions, Santa Barbara County, Technology, Top Stories, Tri-County Public CompaniesCarpinteria-based Procore reported more losses in the third quarter of 2022, but continued revenue growth and a positive outlook keeps many investors bullish on the construction software company. Procore announced its third quarter earnings after the markets closed Nov. 2. The company reported a net loss of $71.2 million, up from a net loss of Read More →
Inogen shares drop after company reports net loss
Banking & Finance, Earnings, Health Care & Life Science, Latest news, Regions, Santa Barbara County, Tri-County Public CompaniesShares of Goleta-based Inogen dropped 7.8% on Nov. 2, after the company reported earnings for the third quarter of 2022 with growing revenue but a net loss higher than last year’s. Inogen, a maker of portable oxygen containers, reported a net loss of $9.5 million, or 42 cents per share, down from a net income Read More →
More layoffs at Mindbody as tech firms downsize
Latest news, Regions, San Luis Obispo County, Santa Barbara County, Technology, Top Stories, Top StoryFor the second time in two and a half years, San Luis Obispo-based Mindbody has laid off a portion of its workforce, this time following a trend of technology companies across the country beginning to downsize. Mindbody, a cloud software company for the fitness industry, announced Oct. 26 that it would lay off an unspecified Read More →
Houweling sued over workers’ comp claims from Camarillo greenhouse
Agribusiness, Latest news, Law & Goverment, middle, Regions, Top Stories, Ventura CountyThe former owner of Houweling’s Tomatoes in Camarillo is being sued by the California Agricultural Network, which claims Casey Houweling and his company left the insurance network “holding the bag” for more than $3 million in workers’ compensation claims. In a suit filed Oct. 19 in Ventura County Superior Court, the California Agricultural Network accused Read More →
Deckers shares flat despite earnings and revenue growth
Banking & Finance, Earnings, Latest news, left, Regions, Santa Barbara County, Top Stories, Tri-County Public CompaniesGoleta-based Deckers Brands’ second quarter 2022 soundly beat analysts’ expectations in both revenue and earnings, but the company did not raise its guidances for the full fiscal year, giving investors some caution moving forward. Deckers, which owns Ugg, Hoka One One and other footwear brands, generated net income of $101 million for the quarter, or Read More →
