PROFIT FORECASTS
Shares o. both companies rose to records this year. The retreat from those highs stemmed from concern that the market for collateralized debt obligations, backed by derivatives and bonds in addition to loans, will dry up.
When Moody's reported fourth-quarter earnings on February 7, the New York based company said it anticipated lower revenue this year from rating securities backed by home mortgages.
Even so, the company projected "low double-digit percent revenue growth" for all of 2007. The average forecast of eight analysts surveyed by Bloomberg calls for a 14% increase.
McGraw-Hill also based in New York, reaffirmed last week revenue and earnings will increase more than 10% at S&P this year. Sales rose 14% last year at the financial services unit, the fastest growth among the company's three main businesses. Operating profit climbed 18 % and fell at the other two segments, media and education.
FAVOURABLE RENTS
Maguire, whose shares have lost 16% since February 8, rents space in two Irvine office buildings to New Century. The lender also signed a lease on a third, set to open in September.
A year of lost payments on the current space would total $6.5 million, or 12 cents a share, the Los Angeles-based REIT said in a statement on Tuesday.
Other tenants pay much higher rents than New Century does, according to the statement 45-52% more for the current space and25 % more for the new building. The numbers make the stock's decline look exaggerated, and the same may be true for Moody's and McGraw- Hill.
Goldman Sachs Group Inc's fiscal first quarter earnings have become the most extreme example of a pattern among Wall Street firms: making more money than analysts expect.
By earning $6.67 a share in the three months ended February 23, Goldman surpassed the average forecast in a Bloomberg survey by 34%. The out performance was anything but unusual.
The world's biggest securities firm by market value, based in New York, has beaten analysts' first -quarter estimates by an average of41 % since fiscal 2003.
Shares o. both companies rose to records this year. The retreat from those highs stemmed from concern that the market for collateralized debt obligations, backed by derivatives and bonds in addition to loans, will dry up.
When Moody's reported fourth-quarter earnings on February 7, the New York based company said it anticipated lower revenue this year from rating securities backed by home mortgages.
Even so, the company projected "low double-digit percent revenue growth" for all of 2007. The average forecast of eight analysts surveyed by Bloomberg calls for a 14% increase.
McGraw-Hill also based in New York, reaffirmed last week revenue and earnings will increase more than 10% at S&P this year. Sales rose 14% last year at the financial services unit, the fastest growth among the company's three main businesses. Operating profit climbed 18 % and fell at the other two segments, media and education.
FAVOURABLE RENTS
Maguire, whose shares have lost 16% since February 8, rents space in two Irvine office buildings to New Century. The lender also signed a lease on a third, set to open in September.
A year of lost payments on the current space would total $6.5 million, or 12 cents a share, the Los Angeles-based REIT said in a statement on Tuesday.
Other tenants pay much higher rents than New Century does, according to the statement 45-52% more for the current space and25 % more for the new building. The numbers make the stock's decline look exaggerated, and the same may be true for Moody's and McGraw- Hill.
Goldman Sachs Group Inc's fiscal first quarter earnings have become the most extreme example of a pattern among Wall Street firms: making more money than analysts expect.
By earning $6.67 a share in the three months ended February 23, Goldman surpassed the average forecast in a Bloomberg survey by 34%. The out performance was anything but unusual.
The world's biggest securities firm by market value, based in New York, has beaten analysts' first -quarter estimates by an average of41 % since fiscal 2003.
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