Notable Earnings Reported (FFIV, CVA, IBM, AXP, LHO)

Following are the notable five companies which reported quarterly earnings late Wednesday:-

F5 Networks, Inc.(NASDAQ:FFIV) shares declined 1.09% to $97.52 in the after hour trading after the company posted third quarter profit of $72.3 million, or $0.91 a share, as compared to $62.5 million, or $0.77 a share, in the same quarter a year earlier. Adjusted per-share earnings rose to $1.14 from $0.97 a share in the year ago period. Revenue increased 21% to $352.6 million. In April, the company had called for earnings of $1.12 to $1.14 a share on revenue of $350 million to $355 million.

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Covanta Holding Corporation (NYSE:CVA) reported second quarter net income of $18 million or $0.14 per share, as compared to $18 million or $0.13 per share in the same quarter last year. Adjusted earnings were $0.15 per share. Total operating revenues dropped to $410 million, from $411 million in the comparable quarter last year. Analysts expected the company to report $0.12 per share on revenue estimate of $417.50 million for the quarter.

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American Express Company(NYSE:AXP) shares fell 0.53% to $57.98 in the after hour trading after the company posted a second quarter profit of $1.34 billion, or $1.15 per share, as against $1.33 billion, or $1.10, in the same quarter a year earlier. Revenue, net of interest expense, was $7.97 billion, up 4.6% from a year earlier. Analysts were expecting earnings of $1.09 per share.

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International Business Machines Corp.(NYSE:IBM) shares gained 2.82% to $193.55 in the after hour trading after the company reported a second-quarter profit of $3.88 billion, or $3.34 a share, as compared with a profit of $3.66 billion, or $3 a share, for the year-earlier period. Revenue was $25.8 billion, down from $26.7 billion. Adjusted operating profit was $3.51 a share. Analysts were expecting the company to report a profit of $3.43 a share, on revenue of $26.3 billion.

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LaSalle Hotel Properties (NYSE:LHO) posted a second quarter Funds from operations, or FFO, of $56.1 million or $0.65 per share, from $44.7 million or $0.54 per share in the year-earlier quarter. Adjusted FFO for the quarter was $61.8 million or $0.72 per share. Analysts expected the company to earn $0.75 per share for the quarter. Revenues totaled $242.1 million, up from $202.6 million last year. Analysts expected revenues of $250.63 million.