During the years 1996 through 1998 the Michelson Doppler Imager (MDI) and the Global Oscillations at Low Frequency (GOLF) experiments on the Solar and Heliospheric Observatory (SOHO) mission have provided unique and nearly uninterrupted sequences of helioseismic observations. This paper describes the analysis carried out on power spectra from 759 days of calibrated disk-averaged velocity signals provided by these two experiments. The period investigated in this work is from 1996 May 25 to 1998 June 22. We report the results of frequency determination of low-degree (l<=3) acoustic modes in the frequency range between 1.4 mHz and 3.7 mHz. Rotational splittings are also measured for nonradial modes up to 3.0 mHz. The power spectrum estimation of the signals is performed using classical Fourier analysis and the line-profile parameters of the modes are determined by means of a maximum likelihood method. All parameters have been estimated using both symmetrical and asymmetrical line profile-fitting formula. The line asymmetry parameter of all modes with frequency higher than 2.0 mHz is systematically negative and independent of l. This result is consistent with the fact that both MDI and GOLF data sets investigated in this paper are predominantly velocity signals, in agreement with previous results. A comparison of the results between the symmetric and asymmetric fits shows that there is a systematic shift in the frequencies for modes above 2.0 mHz. Below this frequency, the line width of the modes is very small and the time base of the data does not provide enough statistics to reveal an asymmetry. In general, the results show that frequency and rotational splitting values obtained from both the MDI and GOLF signals are in excellent agreement, and no significant differences exist between the two data sets within the accuracy of the measurements. Our results are consistent with a uniform rotation of the solar core at the rate of about 435 nHz and show only very small deviations of the core structure from the standard solar model.