Semtech beats analyst estimates for net income
Camarillo semiconductor supplier Semtech announced net income of $30.8 million, or 46 cents per diluted share, in its third quarter 2016 earnings release Nov. 30. Net income beat analyst estimates of 36 cents per share but net sales for the quarter of $137.2 million were just shy of estimates by Zacks Investment Research of $138.6 Read More →
Regulatory agencies terminate Heritage Oaks Bancorp consent order
Heritage Oaks Bankcorp said Nov. 29 that state and federal regulatory agencies have terminated a consent order related to the Bank Secrecy Act and anti-money laundering programs at its Heritage Oaks Bank subsidiary. The Paso Robles-based bank is the largest in the region with $2 billion in assets. Heritage Oaks said the Federal Deposit Insurance Read More →
9 tri-county companies on Deloitte Fast 500 list
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Wells Fargo economist says Trump will likely help economy
President-elect Donald Trump will likely have a positive impact on the regional and national economy in the short term in the form of tax cuts and ramping up defense spending, Wells Fargo Senior Economist Mark Vitner said. Trump claims he will reduce personal and corporate income taxes, which would theoretically spur investment in the U.S. Read More →
QAD’s third quarter net income falls
QAD revenues edged up during its fiscal third quarter 2017, but the company lost ground on net income and earnings per share. Total revenue for the enterprise business software provider, based in Santa Barbara, grew to $69.5 million, up from $68 million for the third quarter last year. Revenue mix continued to trend away from Read More →
OCB Bancorp income grows during third quarter
In its third quarter earnings report, OCB Bancorp — parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank — reported net income year-to-date of $851,000, or 37 cents per share, up from $622,000 last year. Total loans increased by $42 million, or 26 percent, to hit Read More →
Qualstar boosts revenue, narrows loss in third quarter
Simi Valley-based Qualstar Corp. reported a 15 percent increase in revenue in its third quarter earnings report. The data storage manufacturer had $2.7 million in revenue, up from $2.3 million in the same period last year. Its net loss totaled $53,000, or a 3 cent loss per basic and diluted share, compared to net loss of $1.5 million, or a 71 cent Read More →
