Top News & Analysis California

More

  • NEW YORK— The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what's owed, and give people more ability to dispute their bills. It would be the biggest overhaul of the...

  • SANTA CLARA, Calif. _ Applied Micro Circuits Corp. on Wednesday reported a loss of $10.5 million in its fiscal first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share. Applied Micro Circuits shares have climbed 13 percent since the beginning of the year.

  • SUNNYVALE, Calif. _ Infinera Corp. on Wednesday reported second-quarter profit of $11.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Infinera shares have declined 31 percent since the beginning of the year.

  • Net income for the third quarter fell 22 percent to $120 million, or 37 cents per share, matching the average analyst per-share profit estimate compiled by Thomson Reuters I/B/E/S. Revenue was $3.70 billion for the quarter, short of analysts' estimate of $3.73 billion. Whole Foods forecast fiscal fourth-quarter earnings of 23 cents to 24 cents per share, below...

  • SAN LUIS OBISPO, Calif. _ Mindbody Inc. on Wednesday reported a loss of $6.6 million in its second quarter. For the current quarter ending in October, Mindbody said it expects revenue in the range of $34.5 million to $35.5 million. Mindbody shares have increased 14 percent since the beginning of the year.

  • SAN DIEGO _ Retail Opportunity Investments Corp. on Wednesday reported a key measure of profitability in its second quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 26 cents per share. Retail Opportunity Investments expects full-year funds from operations to be $1.03 to $1.07 per share.

  • SAN FRANCISCO _ JMP Group Inc. on Wednesday reported a loss of $327,000 in its second quarter. The San Francisco- based company said it had a loss of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAN FRANCISCO— Facebook is once again getting pushy about how people message one another. Two years ago, the social-media giant forced its users to adopt its Messenger app for direct communication, a change it enforced by deactivating messages in the main Facebook app and steering users to the app. There was an uproar; some users thought Messenger violated their...

  • LONG BEACH, Calif. _ Molina Healthcare Inc. on Wednesday reported second-quarter earnings of $33 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • EL SEGUNDO, Calif. _ PCM Inc. on Wednesday reported second-quarter net income of $7.4 million. The El Segundo, California- based company said it had net income of 61 cents per share. PCM expects full-year earnings in the range of $1.51 to $1.64 per share, with revenue ranging from $2.2 billion to $2.23 billion.

  • SACRAMENTO, Calif. _ Pacific Ethanol Inc. on Wednesday reported second-quarter net income of $5.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. Pacific Ethanol shares have climbed 35 percent since the beginning of the year.

  • SAN JOSE, Calif. _ Quantum Corp. on Wednesday reported a loss of $3.8 million in its fiscal first quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share. For the current quarter ending in October, Quantum Corp. said it expects revenue in the range of $118 million to $122 million.

  • GLENDALE, Calif. _ Public Storage on Wednesday reported a key measure of profitability in its second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $2.38 per share. Six analysts surveyed by Zacks expected $641.3 million.

  • SAN JOSE, Calif. _ SJW Corp. on Wednesday reported second-quarter earnings of $16.8 million. The San Jose, California- based company said it had net income of 82 cents per share. The parent of San Jose Water Co. posted revenue of $86.9 million in the period.

  • SAN DIEGO _ Quidel Corp. on Wednesday reported a loss of $7.8 million in its second quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share. Quidel shares have decreased almost 1 percent since the beginning of the year.

  • July 27- Facebook Inc provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world's most popular app and social website trounced Wall Street's estimates, sending its shares to an all-time high. "Facebook has shown that you can be a giant and you can be innovative," said analyst Patrick Moorhead of Moor Insights& Strategy.

  • COSTA MESA, Calif. _ TTM Technologies Inc. on Wednesday reported second-quarter net income of $18.5 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Costa Mesa, California- based company said it had net income of 17 cents. For the current quarter ending in October, TTM expects its per-share earnings to range from 29 cents to...

  • PRINEVILLE, Oregon— In a story July 27 about a rural Oregon town that has reinvented itself as a high-tech outpost, The Associated Press reported erroneously when Facebook came to Prineville to look for a site for a data center. Former Oregon lumber town rides digital wave to a comeback. PRINEVILLE, Oregon— It was not long ago that Crook County had five major lumber...

  • SANTA CLARA, Calif. _ Coherent Inc. on Wednesday reported fiscal third-quarter earnings of $18.7 million. The Santa Clara, California- based company said it had profit of 76 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 27- The world's most popular website and phone app provided more evidence on Wednesday that it is getting better at turning eyeballs into profits as Facebook Inc trounced Wall Street's estimates, sending its shares to an all-time high. "Facebook has shown that you can be a giant and you can be innovative," said analyst Patrick Moorhead of Moor Insights&...