Arcutis reports Q3 loss, but first product revenue
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Velocity picks up speed with revenue and income growth
Velocity Financial, a real estate finance company based in Westlake Village, reported increases in both revenue and net income for the third quarter, compared to a year earlier. Velocity’s net income grew to $10 million from $8 million, an increase of 24.4%, while its diluted earnings per share grew to 29 cents from 23 cents, Read More →
SRAX files past-due annual report, fights Nasdaq delisting
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Mixed earnings reports for banking and real estate companies
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Amgen income tops $2B in Q3
Thousand Oaks-based Amgen saw a slight decline in revenue for the third quarter of 2022, but a substantial increase in earnings helped the company beat analysts’ expectations and maintain its stock price. One of the largest biotechnology companies in the world, Amgen delivered net income of $2.1 billion, or $3.98 per share, in the third Read More →
Procore beats estimates for Q3 revenue, earnings
Carpinteria-based Procore reported more losses in the third quarter of 2022, but continued revenue growth and a positive outlook keeps many investors bullish on the construction software company. Procore announced its third quarter earnings after the markets closed Nov. 2. The company reported a net loss of $71.2 million, up from a net loss of Read More →
Inogen shares drop after company reports net loss
Shares of Goleta-based Inogen dropped 7.8% on Nov. 2, after the company reported earnings for the third quarter of 2022 with growing revenue but a net loss higher than last year’s. Inogen, a maker of portable oxygen containers, reported a net loss of $9.5 million, or 42 cents per share, down from a net income Read More →
