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Sunday, Sep 25, 2022
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Big Movers

The Los Angeles Business Journal’s index of the 200 largest local public companies closed up for the week ended Oct. 31, with investors bargain hunting as the worst month in two years came to a close.

The local index closed up 8.44 to 107.11 on Friday compared with a week ago, and gainers outpacing decliners 132 to 59.

DineEquity Inc. soared 148 percent to $18.03 despite reporting a third quarter loss. The increase kicked in after the Glendale-based owner of IHOP and other restaurants said it was able to sell 66 Applebee’s locations to franchisees despite the difficult economic environment.

First Regional Bancorp jumped 46 percent to $5.50. The Century City bank said it had returned to a profit in the third quarter after reporting a second quarter loss.

East West Bancorp Inc. gained 42 percent to $17.35. The Pasadena bank reported a third quarter loss due to charges for bad loans, but predicted a better-than-expected fourth quarter.

Iris International Inc. fell 26 percent to $11.15. The Chatsworth development of medical diagnostic tests reported flat third quarter net income on higher revenues, but still fell below expectations.

Iris International Inc. fell 26 percent to $11.15. The Chatsworth development of medical diagnostic tests reported flat third quarter net income on higher revenues, but still fell below expectations.

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