Wednesday, September 24, 2008

Only Six US corporations hold a AAA credit rating from S&P


Currently, only Six US corporations hold a AAA credit rating from S&P - Automatic Data Processing (ADP), Exxon Mobil (XOM), General Electric(GE), Johnson & Johnson(JNJ), Pfizer Inc(PFE) and Microsoft(MSFT)- carry a 'AAA' rating.

XOM BRIEF: For the six months ended 30 June 2008, Exxon Mobil Corporation's revenues rose 37% to $254.93B. Net income rose 16% to $22.57B. Revenues reflect an increase in Upstream Non-U.S. revenues and upstream U.S revenues. Net income was partially offset by an increase in crude oil & product purchases, higher production & manufacturing expenses, a rise in depreciation & depletion, increased sales based taxes and higher other taxes & duties

ADP BRIEF: For the fiscal year ended 30 June 2008, Automatic Data Processing, Inc.'s revenues rose 13% to $8.78B. Net income from continuing operations rose 14% to $1.16B. Revenues reflect an increase in income from Employer Services segment, higher income from PEO Services segment and increased income from Dealer Services segment. Net income also reflects a decrease in interest expense and the presence of gain on sale of buildings.

GE BRIEF: For the six months ended 30 June 2008, General Electric Company's revenues rose 9% to $89.16B. Net income from cont. ops. fell 7% to $9.76B. Revenues reflect an increase in income from Infrastructure, Commercial Finance, Industrial, NBC Universal and GE Money segments due to organic growth. Net income was offset by increased cost of sales, higher interest & other finance charges and increase provision for losses on financing receivables

JNJ BRIEF: For the six months ended 29 June 2008, Johnson & Johnson's revenues rose 8% to $32.64B. Net income rose increased 22% to $6.93B. Revenues reflect higher turnover as a result of increased earnings from Consumer segment and increased Medical devices & Diagnostics segment sales. Net income also reflects higher operating margins due to cost reduction in administrative expenses and the presence of in-process research & development expense.

PFE BRIEF: For the six months ended 29 June 2008, Pfizer Inc.'s revenues increased 2% to $23.98B. Net income from continuing operations increased 18% to $5.55B. Revenues reflect increased income from Pharmaceutical and Animal Health segments. Net income also reflects decreased research & development expenses, lower restructuring charges & acquisition related costs and decreased amortization of intangibles assets

MSFT BRIEF: For the fiscal year ended 30 June 2008, Microsoft Corporation's revenues increased 18% to $60.42B. Net income increased 26% to $17.68B. Revenues reflect an increase in income from Client segment due to growth in licensing of Windows Vista, higher OEM revenues driven by growth in OEM license units and increased OEM premium mix reflecting strong demand for Windows Vista Home Premium. Net income also reflects improved operating margins


* market guide

2 comments:

Anonymous said...

Berkshire Hathaway?

Anonymous said...

why are not counting Berkshire Hathway? Warren Buffet claimed it is one of the seven AAA corporation!