Semtech earnings fall short of analyst estimates
Semtech announced first quarter 2018 earnings of $11.8 million June 1, a 71 percent increase over the previous first quarter for earnings per share of 18 cents — missing analyst estimates ranging from 28 to 41 cents per share. Net sales rose 9.6 percent to $143.8 million during the quarter ended April 30, after deducting Read More →
Manufacturing software provider QAD reports net loss
Santa Barbara-based manufacturing software provider QAD reported a $2.6 million net loss for the fiscal first quarter 2018, ended April 30. Revenues grew 9.1 percent compared to the same period the previous year to $71.4 million, despite a $1.2 million impact from currency. This was primarily driven by a 34 percent increase in subscription revenue Read More →
Deckers Brands’ losses grow as footwear sales decline
Updated at 4:20 p.m. May 26: Deckers Brands shares jumped more than 18.8 percent to $67.21 on May 26 following an earnings announcement that beat analyst expectations and continued to climb in after-hours trading. Deckers reported a net loss of $15.76 million for its fourth quarter, bringing it to a net loss of $12.7 million Read More →
PennyMac declares dividend of 54 cents
The board of trustees for PennyMac Mortgage Investment Trust declared a dividend of 54 cents for the Westlake Village company’s stockholders May 23. The dividend will be paid on June 15 to stockholders of record June 1. • Contact Marissa Nall at mnall@pacbiztimes.com.
MindBody expects to raise $120 million with stock offering
San Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
Stock soars at The Trade Desk over news of $200 million offering
The Trade Desk stock gained 3.5 percent on the news that it had filed a registration statement with the Securities and Exchange Commission for a follow-on offering of up to $200 million of existing stock. The digital advertising platform company, headquartered in Ventura, will not receive any proceeds from the offering, filed May 19. The Read More →
Clean Diesel revenue down, net loss grows
Oxnard-based Clean Diesel Technologies reported a drop in first quarter revenue year-over-year and an increase in its net loss to $3.1 million. The emissions control technology company launched new private label programs in North America and removed some product offerings. Revenues fell 15 percent, from $9.7 million in the first quarter of 2016, to $8.2 Read More →
