Third Quarter of ’11 S&P 500 Earnings Snapshot as of Nov. 3

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:            415@       18.0%
Higher EPS                       316        27.1%
Lower EPS                         87       -31.5%
Unchanged                         12         0.0%

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

Total reported Ex-Financial:     341        20.0%

Comparable Q3/10:                419        33.0%
End of Q3/10:                    500        30.8%
End of Q2/11:                    499        16.2%

S&P 500 Index EPS with 415/500 companies reported:     $25.17
                    *Net income (as reported) EPS:     $23.59

Earnings Surprises:
==========================================================================
                                    Q3/11              Q3/10
Positive Surprises:            288/415 =  69.4%     353/499 =70.7%
0% Surprises:                   38/415 =   9.2%      51/499 =10.2%
Negative Surprises:             89/415 =  21.4%      95/499 =19.0%

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

Consumer Discretionary:          49 /77    15.3%   30    4     15    $2.16
Consumer Staples:                32 /42    8.2%    20    4     8     $2.37
Energy:                          39 /42    61.8%   26    3     10    $4.01
Financials:                      74 /81    9.0%    46    6     22    $3.71
Health Care:                     44 /52    6.5%    36    2     6     $3.25
Industrials:                     53 /60    16.1%   40    7     6     $2.53
Information Tech:                61 /74    14.6%   45    8     8     $4.59
Materials:                       30 /31    30.3%   21    1     8     $0.82
Telecom Svcs:                     7 /8     19.9%   2     2     3     $0.58
Utilities:                       26 /33    5.5%    22    1     3     $1.14

Total Reported:                 415 /500   18.0%  288    38    89   $25.17

Total Reported
   Ex-Financial:                341 /419   20.0%  242    32    67
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                          12 /16    8.3%       6     1     5
  Retailing                      11 /30    -7.2%      8     0     3

CONSUMER STAPLES:
  Food & Staples Retailing        6 /9     8.6%       5     0     1
  Food Beverage & Tobacco        20 /27    10.9%     12     2     6
  Household & Personal Products   6 /6     1.5%       3     2     1

FINANCIALS:
  Banks                          15 /15    31.2%     10     2     3
  Diversified Financials         27 /28    14.9%     19     1     7
  Insurance                      19 /22   -28.1%      9     0    10
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
FINANCIALS:
  Real Estate                    13 /16    50.6%      8     3     2

HEALTH CARE:
  Health Care Equipment & Srvs.  26 /31    5.4%      21     0     5
  Pharma., Biotech. & Life Sci.  18 /21    6.9%      15     2     1

INDUSTRIALS:
  Capital Goods                  33 /40    17.1%     24     4     5
  Commercial & Professional Ser  11 /11    11.9%      9     1     1
  Transportation                  9 /9     13.5%      7     2     0

INFORMATION TECH:
  Semiconductors                 14 /18    -7.8%      8     1     5
  Software & Services            28 /33    13.8%     22     5     1
  Technology Hardware & Equip.   19 /23    31.3%     15     2     2
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)

ENERGY:                          39 /42    61.8%     26     3    10

MATERIALS:                       30 /31    30.3%     21     1     8

TELECOM SVCS:                     7 /8     19.9%      2     2     3

UTILITIES:                       26 /33    5.5%      22     1     3

TOTAL REPORTED
   UNIVERSE:                    415 /500   18.0%    288    38    89

S&P 500 Year-Over-Year Estimates
==========================================================================
Q3/11 Earnings Estimated Growth: 15.2%;  Ex-Financial: 16.6%
Q4/11 Earnings Estimated Growth:  8.8%;  Ex-Financial:  7.8%
S&P 500 Year-Over-Year Estimates
==========================================================================
Q1/12 Earnings Estimated Growth: 5.8%;  Ex-Financial: 5.9%
Q2/12 Earnings Estimated Growth: 5.8%;  Ex-Financial: 4.4%

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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