Lockheed Martin’s first quarter results mixed
Lockheed Martin reported mixed first quarter 2016 earnings results on April 26. During the quarter, Lockheed Martin posted revenues of $11.7 billion and earnings per share of $2.58. Thompson Reuters analysts had predicted revenues of $11.34 billion and earnings per share of $2.59. During the same quarter last year, the company had revenues of $10.11 Read More →
Net earnings up 47.7 percent at Citizens Business Bank
Ontario-based Citizens Business Bank reported a 47.7 percent increase in net earnings for the first quarter of 2016. CVB Financial Corp. and its subsidiary Citizens Business Bank reported a $23.4 million net income, or 22 cents a share, up from $15.8 million in the first quarter of 2015. It was an increase of $7.6 million Read More →
CalAmp misses on revenue but hits earnings per share estimates
CalAmp, an Oxnard-based company that makes products for the wireless sector, barely missed revenue estimates but hit earnings per share estimates when it reported fourth quarter 2016 and fiscal year-end earnings April 19. Fourth quarter revenues of $70.8 million barely missed analyst estimates of $71.05 million, according to Yahoo Finance, but that increased from $69.2 Read More →
Resonant might run out of operating cash after second quarter
Resonant, a late-stage development company based in Goleta that creates filter designs for radio frequency front-ends for the mobile device industry, said it might only have enough cash to support operations though the second quarter of 2016. The company announced the news when it released 2015 fiscal year results in a March 23 news release. Read More →
Cal Amp stock falls after earnings forecast lowered
Shares of Oxnard-based Cal Amp, which makes products for the wireless sector, fell March 22 after the company lowered its earnings forecast for its fiscal year fourth quarter, which ended Feb. 29. On March 21, Cal Amp lowered its revenue estimates for the quarter from an estimated range of $73 million to $78 million to Read More →
Inogen shares soar after reporting revenues up 40 percent
Inogen shares ended the day up 17 percent March 15 after the Goleta-based maker of direct-to-consumer respiratory products reported strong quarterly and annual earnings March 14. The company’s revenues increased about 40 percent during the fourth quarter and 2015 fiscal year because of strong business-to-business sales. In after-hours trading March 14, the stock shot up Read More →
Limoneira revenues fell, loss grew in first quarter
Santa Paula-based Limoneira reported a loss of about $4 million and revenues fell $3 million in first quarter earnings results the company released March 10. Revenues fell from $28 million during the first quarter of 2015 to $25 million in 2016. Net losses widened from $1.4 million in 2015 to $3.9 million in 2016. Losses Read More →
