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 →
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 →
Resonant’s third quarter losses grow

Goleta-based Resonant reported a $4 million net loss, or a loss of 39 cents per diluted share, for the third quarter of 2016, up from a $2.9 million — or 40 cents per diluted share — loss in 2015. Revenues from contracts with four customers were $25,000 for the quarter ended Sept. 30. General and Read More →
Third quarter income down at The Trade Desk

The Trade Desk announced third quarter net income of $3.6 million, or 6 cents per share, down from $4.6 million and 10 cents per share for the same period last year. The Ventura advertising technology platform provider earned $73.6 million after costs in its initial public offering Sept. 21 and issued new product features, including Read More →
Interlink Electronics income up for third quarter

Interlink Electronics in Westlake Village announced a 22.7 percent increase in revenues for its third quarter to $3.2 million, with earnings per basic and diluted share of 8 cents. Net income for the quarter rose from $458,000 in the third quarter last year to $614,000 in the third quarter this year, a 34 percent gain. Read More →