Access National Corporation
Reston-based Access National Corporation (NASDAQ: ANCX) which is the parent to Access National Bank reported year-over-year increase of 27.8 percent in the third quarter ended September 30, 2011 net income, which amounted to $3.1 million in third quarter 2011 or $0.30 cents per diluted shareversus $2.4 million or $0.23 cents per diluted share. The nationally chartered bank posted a decline in total assets, amounting to $765.5 million compared to $831.8 million at the end of December 31, 2010.
District-based Danaher Corporation (NYSE: DHR) said net earnings fell 20 percent in third quarter ended September 30, 2011. The reported profit was $523.4 million or $0.74 cents per diluted share compared to $ 646.4 million or $0.97 cents per diluted share in 2010. The science and technology provider sales still posted a large year-over-year increase of 46 percent $4.5 in the 2011 third quarter billion versus $3.1 billion in the 2011 third quarter.
Lasalle Hotel Properties
Bethesda-based LaSalle Hotel Properties (NYSE: LHO) posted a 20.8 percent increase in total revenue for the third quarter ended September 30, 2011. The Lodging REIT said revenue was $199.1 million compared to $164.7 million in same period 2010. Net income also had a year-over-year increase of 47.5 percent to $14.9 million or $0.18 cents per diluted share versus $10.1 million or $0.14 cents per diluted share. The Company had $217.4 million of cash and cash equivalents reported at the end of the quarter.
Orbital Sciences Corporation
Dulles-based Orbital Sciences Corporation (NYSE: ORB) reported a 9 percent increase in the third quarter 2011 financial results. The government contractor which makes Satellites for NASA reported $342.2 million in revenues compared to $314.5 million in same period of 2010. The company reported a net income of $16.5 million or $0.28 cents per diluted share versus $10.6 million or $0.18 cents per diluted share in the third quarter of 2010. Orbital Sciences had $303.9 million in cash at the end of the period ended September 30, 2011.
Sandy Spring Bancorp
Olney-based Sandy Spring Bancorp, Inc., (Nasdaq:SASR) reported a 32.9 percent increase in net income for the third quarter ended September 30, 2011. The total amounted to $11.3 million or $0.47 cents per diluted share compared to $8.5 million or $0.35 cents per diluted share in the same period last year. Total assets were $3.6 billion, virtually the same in the twelve month period.