Third Quarter of ’11 S&P 500 Earnings Snapshot as of Nov. 1

The following tables summarize the latest quarterly earnings for companies in the Standard & Poor’s 500 Index.

Profit figures are based on income from continuing operations excluding some gains and losses. The share-weighted percentage changes are year-over-year comparisons. earnings surprises are based on estimates provided by Bloomberg.

S&P 500 Universe:
==========================================================================
                              Number of  Share-Weighted
                              Companies   %Change

Total reported Q3/11:            349@       18.4%
Higher EPS                       270        26.5%
Lower EPS                         68       -31.5%
Unchanged                         11         0.0%

S&P 500 Universe:
==========================================================================
                              Number of  Share-Weighted
                              Companies   %Change

Total reported Ex-Financial:     285        19.5%

Comparable Q3/10:                351        37.3%
End of Q3/10:                    500        30.8%
End of Q2/11:                    499        16.2%

S&P 500 Index EPS with 349/500 companies reported:     $25.08
                    *Net income (as reported) EPS:     $23.35

Earnings Surprises:
==========================================================================
                                    Q3/11              Q3/10
Positive Surprises:            242/347 =  69.7%     353/499 =70.7%
0% Surprises:                   34/347 =   9.8%      51/499 =10.2%
Negative Surprises:             71/347 =  20.5%      95/499 =19.0%

Sector Summary:
==========================================================================
                                          Share-
                                Reported Weighted Earnings Surprises Sector
                                 /Total   %Change (+)  same  (-)      EPS

Consumer Discretionary:          43 /77    16.8%   26    4     13    $2.17
Consumer Staples:                23 /42    7.5%    13    4     6     $2.36
Energy:                          27 /42    59.4%   17    3     7     $3.95
Financials:                      64 /81    13.3%   41    5     18    $3.72
Health Care:                     43 /52    6.5%    36    2     5     $3.25
Industrials:                     49 /60    16.3%   37    6     6     $2.53
Information Tech:                54 /74    13.9%   39    8     7     $4.58
Materials:                       27 /31    26.7%   20    1     6     $0.83
Telecom Svcs:                     5 /8     23.2%   2     1     2     $0.58
Utilities:                       14 /33    7.6%    12    0     2     $1.11

Total Reported:                 349 /500   18.4%  242    34    71   $25.08

Total Reported
   Ex-Financial:                285 /419   19.5%  201    29    53
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
CONSUMER DISCRETIONARY:
  Automobiles & Components        4 /4     11.7%      3     0     1
  Consumer Durables & Apparel    11 /13   143.5%      5     2     4
  Consumer Services              11 /14    8.8%       8     1     2
  Media                           6 /16    2.2%       2     1     3
  Retailing                      11 /30    -7.2%      8     0     3

CONSUMER STAPLES:
  Food & Staples Retailing        4 /9     8.5%       3     0     1
  Food Beverage & Tobacco        15 /27    10.9%      9     2     4
  Household & Personal Products   4 /6     -0.2%      1     2     1

FINANCIALS:
  Banks                          15 /15    31.2%     10     2     3
  Diversified Financials         25 /28    14.5%     17     1     7
  Insurance                      13 /22   -19.5%      7     0     6
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
FINANCIALS:
  Real Estate                    11 /16    53.9%      7     2     2

HEALTH CARE:
  Health Care Equipment & Srvs.  25 /31    5.4%      20     0     4
  Pharma., Biotech. & Life Sci.  18 /21    6.9%      15     2     1

INDUSTRIALS:
  Capital Goods                  32 /40    17.2%     23     4     5
  Commercial & Professional Ser   9 /11    11.1%      8     0     1
  Transportation                  8 /9     13.5%      6     2     0

INFORMATION TECH:
  Semiconductors                 13 /18    -7.5%      8     1     4
  Software & Services            24 /33    13.0%     18     5     1
  Technology Hardware & Equip.   17 /23    32.5%     13     2     2
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)

ENERGY:                          27 /42    59.4%     17     3     7

MATERIALS:                       27 /31    26.7%     20     1     6

TELECOM SVCS:                     5 /8     23.2%      2     1     1

UTILITIES:                       14 /33    7.6%      12     0     2

TOTAL REPORTED
   UNIVERSE:                    349 /500   18.4%    242    34    71

S&P 500 Year-Over-Year Estimates
==========================================================================
Q3/11 Earnings Estimated Growth: 15.1%;  Ex-Financial: 16.4%
Q4/11 Earnings Estimated Growth:  9.0%;  Ex-Financial:  8.0%
S&P 500 Year-Over-Year Estimates
==========================================================================
Q1/12 Earnings Estimated Growth: 5.8%;  Ex-Financial: 5.9%
Q2/12 Earnings Estimated Growth: 5.9%;  Ex-Financial: 4.5%

NM -- The calculations of percentage changes between profit and loss and vice versa are not meaningful, hence not calculated.

To contact the reporter on this story: Wendy Soong in New York at csoong@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at at atanzi@bloomberg.net

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