Moody’s Corporation Reports Results for Fourth Quarter and Full-Year 2010!
* Reported 4Q10 EPS of $0.58 up 35% from 4Q09
* Reported FY10 EPS of $2.15 up 27% from FY09
* 4Q10 revenue up 16%; FY 2010 revenue up 13%
Moody’s Corporation (NYSE:MCO) freshly announced results for the fourth quarter and full-year 2010.
Summary of Results for Fourth Quarter 2010:
Moody’s reported revenue of $564.3 million for the three months ended December 31, 2010, an increase of 16% from $485.8 million for the fourth quarter of 2009. Operating income for the quarter was $196.6 million, up 10% from $178.9 million for the same period last year. Diluted earnings per share of $0.58 for the fourth quarter of 2010 increased 35% from $0.43 in the fourth quarter of 2009, and included a tax benefit of $0.08 primarily due to utilization of foreign tax credits and lower state taxes.
Raymond McDaniel, Chairman and Chief Executive Officer of Moody’s, stated: "Moody's fourth quarter and full-year 2010 results reflected strong performance in credit ratings and growth in all areas of Moody’s Analytics. We anticipate market conditions to remain generally favorable in 2011. With this outlook, we are projecting revenue increases across most areas of our business and earnings per share in the range of $2.12-$2.22.”
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2 billion in 2010, employs approximately 4,500 people worldwide and maintains a presence in 26 countries.
More about MCO at: www.moodys.com
Americans use masses amounts of oil. Although we make up only 5% of the world’s population, the U.S. burns 25% of the Earth's oil production. America characterizes the oil-dependent lifestyle.
Oil is the raw material that makes the functioning possible of nearly every element of the U.S. economy, directly or indirectly. It supplies 40% of the nation’s power supply—way above any other source. Oil gives power to our industries, gives heat to our buildings, and supplies the raw material for plastics, paints, textiles, and many more materials. But it is in our transportation that oil is most important.
Oil supplies 97% of the fuel consumed by America’s gigantic fleet of trucks, trains, planes, ships, buses and cars.
Proper Power & Energy, Inc. (OTCBB:PPWE.OB), is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
PPWE has announced the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. "We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives," stated Andrew Kacic.
More about PPWE at: www.properpower.com
Orofino Gold Corp. (PINK OTC: ORFG.PK) looks for signs of a stable environment before it invests in mining opportunities.
About Colombias Social and Investment environment:
* Stable democracy for over 150 years
* Growing, educated work force
* Good infrastructure
* No history of nationalizing foreign holdings or defaulting on foreign debt
* Northern extension of the mineral-rich Andes Cordillera
* Current government promoting rapid growth in mining sector
* Juan Manuel Santos recently elected President (former Defense Minister during Alvaro Uribe's administration, will continue to promote foreign investment and mineral resource development).
Orofino Gold Corp. (PINK OTC: ORFG.PK) is a China based Gold and Silver Exploration Company founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
ORFG announced retaining FAC Media Group; the Scottsdale, Arizona based consulting firm, to establish brand and corporate awareness for ORFG.
FAC Media Group represents decades of experience in public relations, market awareness, and brand management. Within the first quarter of 2011, FAC will initiate a broad campaign to increase global knowledge of Orofino and its exciting developments; most specifically, the Senderos de Oro Project in Northern Columbia.
The Senderos de Oro Project is comprised of more than 3000 hectares of Gold and other mineral concessions in the minera mining area of central Sur de Bolivar. The Project resembles the La Bodega and Vetas California Projects, currently being explored and developed by Canadian Exploration Company Ventana Gold, for which EBX recently extended an unsolicited tender offer of $1.3 Billion.
More about ORFG at:www.orofinogold.com
Sign-Up For Free Stock Alerts At http://crwepicks.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.The CRWEPicks.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer ( http://crwepicks.com/disclaimer ) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEPicks.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. ( read more at http://crwepicks.com/disclaimer ) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings, Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings, Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (OTCPK:CRWE) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.Crown Equity Holdings Inc. (OTCPK:CRWE) received 1,000,000 shares of free trading shares from a third party (Mohamad Nehmeh) for two (2) weeks of advertisement services for Proper Power & Energy, Inc. (OTC:PPWE).