QAD revenues and profits fell in fourth quarter and fiscal year 2016
Santa Barbara software developer QAD’s revenues and profits fell, the company reported in fourth quarter and fiscal year 2016 earnings results March 10. Fourth quarter revenues fell from $79.6 million in 2015’s fourth quarter to $69.3 million in 2016. Gross profits fell from $45.7 million to $38.4 million. QAD hit analyst revenue estimates of $69 Read More →
Amid losses, Sientra makes an acquisition
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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 →
Amgen to pay dividend of $1 per share
Thousand Oaks-based biotech giant Amgen announced it will pay a second quarter dividend of $1 per share. Amgen increased its first quarter dividend to $1 per share from 79 cents on Dec. 15, which Amgen paid to shareholders during each quarter last year. Amgen will pay the dividend on June 8 to shareholders who own Read More →
Semtech beats analysts’ revenue estimates
Semtech beat analyst estimates but revenues sank again as weak mobile phone demand hampered the Camarillo-based semi conductor manufacturer. The company reported fourth quarter and year end results March 2 for the 2016 fiscal year. Fourth quarter revenues fell 9 percent from $130.4 million in 2015 to $118.6 million in 2016. According to Yahoo Finance, Read More →
Citizens Business Bank finalizes acquisition of County Commerce Bank
Citizens Business Bank finalized its acquisition of County Commerce Bank, the company announced on Feb. 29. In exchange for all of County Commerce’s common stock and options, Citizens paid $41.25 million — half in stock and half in cash. That equates to $16.79 per County Commerce share. County Commerce earned 40 consecutive “Five Star” quarterly Read More →
Ceres fires KPMG over financial report
Ceres Inc. fired its accounting firm Feb. 23 during a disagreement over a “going concern” statement in Ceres’ 2015 annual report. Ceres, a Thousand Oaks-based ag-biotech company, made the announcement in a filing with the Securities and Exchange Commission. The filing says Ceres hired Los Angeles-based Marcum as its new independent accountant and dismissed its Read More →
