Vitesse widens loss
Vitesse Semiconductor Corp., a Camarillo-based company that makes chips for carrier and enterprise networks, reported a second-quarter net loss of $6.2 million, or 25 cents per share on May 8. The generally accepted accounting principles, or GAAP, numbers were lower than the 7 cent per share loss predicted by analysts. On a non-GAAP basis, the Read More →
Ojai Community Bank reports record Q1 earnings
Two months after Ojai Community Bank bucked a federal regulatory order, the bank reported first-quarter profits of $250,000, almost three times more than its earnings a year ago. Ojai Community, which also owns Santa Paula Community Bank, said the quarter’s earnings are a record. Total deposits have climbed 2 percent since the beginning of the Read More →
Dole reports low Q1 revenue, possible spin-off
Revenue is down at Westlake Village-based Dole Food Co., leading executives to consider spinning off one of its produce businesses to help shareholder value bounce back, the company said in a May 3 earnings report. The fruit and vegetable giant reported revenue of $1.6 billion for the first quarter of 2012, a 4 percent drop Read More →
Inphi loses $1.5M in Q1
Nearly three months after Inphi. Corp. hired a new CEO to recover from a 93 percent drop in profits in 2011, the semiconductor company reported a net loss of $1.5 million for the first quarter. The Santa Clara-based company, which designs chips aimed at packing more memory onto Internet servers and increasing bandwidth, employs a Read More →
Amgen revenue up 9 percent
[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”24-10-2011″ enddate=”24-04-2012″ width=”300″ height=”245″] Amgen’s total revenue shot up 9 percent during the first quarter of this year, the Thousand Oaks-based biotech giant said in an April 24 earnings report. The biotech company reported revenue of $4 billion, up from $3.7 billion in the first quarter of 2011. Total product Read More →
Limoneira Q1 revenue up 73 percent
Despite a 73 percent jump in revenue, Santa Paula-based agribusiness Limoneira Company posted a $2.9 million loss during the first quarter of the year, it said March 12. For the quarter ended Jan. 31, revenue was $10.2 million, up from $5.9 million during the same period of the previous year, according to a news release. Read More →
QAD profits skyrocket
Two years after making deep staff cuts to combat the global manufacturing collapse, Santa Barbara-based QAD profits rebounded 300 percent to $10.7 million in fiscal 2012, the company said March 8. QAD makes software that manufacturing firms use to track materials, labor and other costs. The company counts Hewlett-Packard and other Fortune 500 firms as Read More →
