San Luis Obispo’s MindBody closes in on profitability
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The Trade Desk reports strong income growth
The Trade Desk reported a 29 percent increase in net income in its fiscal year 2016 earnings statement Feb. 16 and filed a proposal with the Securities and Exchange Commission for a follow-on stock offering. The Ventura advertising platform company made $10.3 million in the fourth quarter of 2016 for a total of $20.5 million Read More →
Drug sales for biotech giant Amgen boost bottom line
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Deckers Brands struggles as iconic shoe brand sales decline
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MindBody revenues grow, net loss narrows
Revenues for San Luis Obispo cloud-based business management software company MindBody grew 35 percent in the fourth quarter of 2016, narrowing its net loss for the year to $23 million, or 58 cents per share. Net losses for the quarter were $1.6 million, or 4 cents per share, down from $6.5 million for the same Read More →
Inphi reports strong fourth quarter revenue growth
Semiconductor producer Inphi, which has operations in Westlake Village, reported fourth quarter net income of $19.1 million, or 42 cents per diluted share, bringing the company to $26.5 million in net income for its fiscal year 2016. Revenues from continuing operations rose 53 percent, from $52.9 million in the fourth quarter of 2015 to $80.9 Read More →
PennyMac Financial beats Wall Street’s earnings estimates
Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →
