Several Orange County hotel submarkets in September showed lower average daily rates and revenue per available room year-over-year, and five of seven showed lower occupancy, which also fell countywide to 77% from 80% for the same month last year.
Alteryx Inc. reported revenue increased 59% year-over-year to $54.2 million while posting a narrower loss of $244,000, compared to a loss of $3.3 million in the same period a year ago.
Newport Beach’s Beacon Pointe Advisors, which has more than $9 billion in assets under management, hired Michael Dow, an executive at UBS Global Asset Management, as chief investment officer and chairman of its investment committee.
Newport Beach-based American Vanguard Corp. (NYSE: AVD) reported third quarter sales climbed 24% to $111.8 million while net income jumped 60% to $6.5 million.
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine added Karin Timpone to its board of directors, which now has eight members.
El Pollo Loco Holdings Inc. (Nasdaq: LOCO) in Costa Mesa reported third quarter net income of $6.8 million on revenue of $106.7 million, compared with a loss of $4 million on revenue of $101.2 million in the same period a year ago.
Masimo Corp. (Nasdaq: MASI) reported third quarter revenue climbed 8.9% to $210.6 million. Product sales grew 12% to $202.1 million for the quarter while royalty and other revenue declined 38% to $8.5 million.
Irvine-based Taco Bell Corp. sales rose 8% to $2.6 billion in its most recent quarter, making it the top-performing chain in Louisville-based parent company Yum Brands Inc. (Nasdaq: YUM) portfolio for the period.
Two down, three to go: Duck Donuts plans five locations in Orange County; two are open, in Huntington Beach and Irvine, the latter at Trade Food Hall.
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine reported a $600,000 net loss, including a one-time charge, on revenue of about $105 million in its most recent quarter, compared with $400,000 in net income on revenue of $85 million, year-over-year.
BJ’s Restaurants Inc. (Nasdaq: BJRI) in Huntington Beach earned nearly $9 million in net income on $270 million in revenue in its most recent quarter, up 257% and 10% respectively.
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine named Iwona Alter chief brand officer; she joins the fast-casual burger chain December 10 from San Diego-based Jack in the Box Inc. (Nasdaq: JACK).
Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach said revenue increased nearly 9% to $1.2 billion and adjusted net income was 60% higher to about $60 million in its most recent quarter.
Irvine-based Lantronix Inc. (Nasdaq: LTRX) reported net revenue of $12.3 million, up 16% year-over-year, and a net loss of $83,000, an 87% improvement, in its most recent quarter.
Edwards Lifesciences Corp. (NYSE: EW) earned $226 million on sales of $907 million in its most recent quarter. Sales rose 10% year-over-year but missed expectations and its shares dipped 2% to a $30 billion market cap.
The University of California-Irvine said Tuesday it received a five-year grant for $14.7 million from the U.S. Department of Education.
Shares of Opus Bank (Nasdaq: OPB) closed more than 20% Monday after the Irvine bank reported third quarter earnings that missed analyst estimates; shares leveled off in Tuesday midday trading.
Orange County’s unadjusted unemployment rate fell to 2.8% in September from a revised 3.1% in August and 3.3% a year earlier, according to the state Employment Development Department.
Emerald Expositions Events Inc. (NYSE: EEX) bought several hospitality-focused trade shows, publications, and events from ST Media Group International and Hospitality Media Group on undisclosed terms.
Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) named Francois Lebel as chief medical officer, overseeing the company’s clinical program including directing clinical trials and development as well as regulatory submissions.
The Los Angeles Angels of Anaheim today opted out of their lease at Angel Stadium, where they have played home games since 1966.
Del Taco Restaurants Inc. (Nasdaq: TACO) lowered full-year guidance in its most-recent quarterly report. Revenue and net income grew on a 1.4% increase in systemwide same-store sales, with franchised restaurant comps growing faster than company-owned locations.
Sears Holdings Corp. plans to shutter its location at Costa Mesa’s South Coast Plaza as part of its just-announced Chapter 11 bankruptcy filing.
Ousted Microsemi Corp. Chief Executive James Peterson and three of his former executives are suing Microchip Technology Inc. and its executives for alleged slander, libel and unfair business practices.
Mike Lutton, a fixture in the local commercial real estate industry for 30 years, has died; he was 62.