First Quarter of ’12 S&P 500 Earnings Snapshot as of April 26

The following tables summarize the latest quarterly earnings for companies in the Standard & Poor’s (SPX) 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 Q1/12:            267@        8.0%
Higher EPS                       182        19.6%
Lower EPS                         79       -19.2%
Unchanged                          6         0.0%

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

Total reported Ex-Financial:     220         7.2%

Comparable Q1/11:                243        17.3%
End of Q1/11:                    498        19.9%
End of Q4/11:                    500         4.9%

S&P 500 Index EPS with 267/500 companies reported:     $25.38
                  *Net income (as reported) EPS:       $23.33

Earnings Surprises*:
==========================================================================
                                    Q1/12              Q1/11
Positive Surprises:            190/267 =  71.2%     337/497 =67.8%
0% Surprises:                   32/267 =  12.0%      51/497 =10.3%
Negative Surprises:             45/267 =  16.9%     109/497 =21.9%

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

Consumer Discretionary:          36 /80    7.4%    29    4     3     $2.05
Consumer Staples:                21 /42    3.4%    14    3     4     $2.13
Energy:                          23 /43    -2.0%   12    1     10    $3.39
Financials:                      47 /81    11.4%   33    6     8     $4.79
Health Care:                     26 /52    0.8%    18    5     3     $3.23
Industrials:                     43 /61    13.6%   36    2     5     $2.52
Information Tech:                39 /71    21.5%   27    9     3     $5.03
Materials:                       20 /30   -12.4%   15    2     3     $0.91
Telecom Svcs:                     5 /8     -0.6%   3     0     2     $0.55
Utilities:                        7 /32   -13.4%   3     0     4     $0.79

Total Reported:                 267 /500   8.0%   189    32    45   $25.38

Total Reported
   Ex-Financial:                220 /419   7.2%   156    26    37
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
CONSUMER DISCRETIONARY:
  Automobiles & Components        3 /5     9.9%       1     1     1
  Consumer Durables & Apparel     8 /13    19.3%      5     1     2
  Consumer Services              11 /14    1.7%      10     1     0
  Media                           5 /16    7.7%       4     1     0
  Retailing                       9 /32    8.4%       9     0     0

CONSUMER STAPLES:
  Food & Staples Retailing        4 /9     -4.1%      3     1     0
  Food Beverage & Tobacco        15 /27    4.1%      10     1     4
  Household & Personal Products   2 /6     7.3%       1     1     0

FINANCIALS:
  Banks                          15 /15    21.5%     11     3     1
  Diversified Financials         21 /27    7.0%      14     3     4
  Insurance                       7 /22    16.7%      5     0     2
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
FINANCIALS:
  Real Estate                     4 /17    17.5%      3     0     1

HEALTH CARE:
  Health Care Equipment & Srvs.  15 /31    -0.2%     10     4     1
  Pharma., Biotech. & Life Sci.  11 /21    1.3%       8     1     2

INDUSTRIALS:
  Capital Goods                  28 /41    12.1%     24     1     3
  Commercial & Professional Ser   7 /11    7.6%       6     0     1
  Transportation                  8 /9     22.3%      6     1     1

INFORMATION TECH:
  Semiconductors                 10 /17   -22.4%      6     2     2
  Software & Services            15 /31    13.1%     11     4     0
  Technology Hardware & Equip.   14 /23    52.2%     10     3     1
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)

ENERGY:                          23 /43    -2.0%     12     1    10

MATERIALS:                       20 /30   -12.4%     14     2     3

TELECOM SVCS:                     5 /8     -0.6%      3     0     2

UTILITIES:                        3 /32   -13.4%      3     0     4

TOTAL REPORTED
   UNIVERSE:                    267 /500   8.0%     189    32    45

S&P 500 Year-Over-Year Estimates
==========================================================================
Q1/12 Earnings Estimated Growth: 5.0%;  Ex-Financial: 3.9%
Q2/12 Earnings Estimated Growth: 1.7%;  Ex-Financial: 0.3%
S&P 500 Year-Over-Year Estimates
==========================================================================
Q3/12 Earnings Estimated Growth: 6.5%;  Ex-Financial: 4.1%
Q4/12 Earnings Estimated Growth: 17.5%;  Ex-Financial: 14.5%

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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