U.S. earnings growth to slow a bit

Article Abstract:

Third quarter profits for Standard and Poor's 500 companies decreased slightly versus the second quarter, but increased oil returns should partially offset the slip.

Statistical Data Included, Business, Economic aspects, Illustration, Economic indicators

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Ratings agency wants to clarify operating earnings; S&P hopes to clean up corporate profit reports

Article Abstract:

Standard & Poor's is preparing a letter to Wall Street executives asking for better reporting of company earnings that will be less confusing for analysts and investors. Terms like"pro forma earnings" are not part of the accepted accounting practices that make accurate ratings possible.

Services information, Investment advice, Investment Advisory Services, Standards, Financial services industry, Financial services, Services, Investment advisers, Financial statements, Standard & Poor's Corp.

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Exxon's net slid 26% in the second quarter

Article Abstract:

Exxon Corp. posted a decline of 26% in its net income for the second-quarter of 1999. Increased crude prices were balanced out by reduced profits in refining and chemicals. Exxon posted $1.21 billion in net income for the period. During the same period in 1998, the company reported $1.62 billion. Exxon's revenues improved slightly from $29.37 billion to $29.42 billion.

Comment:

Posts decline of 26% in net income for second-quarter of 1999

Sales, profits & dividends, Petroleum, Petroleum and Coal Products Manufacturing, Finance, Petroleum industry, Abstract, Exxon Mobil Corp.

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