Second Quarter of ’12 S&P 500 Earnings Snapshot as of July 23

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 Q2/12:            123@        1.2%
Higher EPS                        85        13.7%
Lower EPS                         35       -27.0%
Unchanged                          3         0.0%

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

Total reported Ex-Financial:      93         2.9%

Comparable Q2/11:                125        18.9%
End of Q2/11:                    499        16.2%
End of Q1/12:                    500         6.2%

S&P 500 Index EPS with 123/500 companies reported:     $25.25
                  *Net income (as reported) EPS:       $23.56

Earnings Surprises^:
==========================================================================
                                    Q2/12              Q2/11
Positive Surprises:             82/123 = 66.7%      354/498 =71.1%
0% Surprises:                   14/123 = 11.4%       45/498 = 9.0%
Negative Surprises:             27/123 = 22.0%       99/498 =19.9%

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

Consumer Discretionary:          22 /81    -0.5%   13    2     7     $2.25
Consumer Staples:                10 /41    0.4%    7     2     1     $2.34
Energy:                           6 /44    3.8%    5     0     1     $3.31
Financials:                      30 /81    -3.0%   21    1     8     $4.07
Health Care:                     10 /52    2.1%    6     1     3     $3.16
Industrials:                     15 /61    15.0%   11    3     1     $2.76
Information Tech:                21 /70    4.4%    13    4     4     $5.07
Materials:                        7 /30   -24.4%   5     0     2     $0.95
Telecom Svcs:                     1 /8     13.1%   0     1     0     $0.54
Utilities:                        1 /32    6.1%    1     0     0     $0.80

Total Reported:                 123 /500   1.2%    82    14    26   $25.25

Total Reported
   Ex-Financial:                 93 /419   2.9%    61    13    18
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change  (+)  same   (-)
CONSUMER DISCRETIONARY:
  Automobiles & Components        1 /5     13.9%      0     0     1
  Consumer Durables & Apparel     5 /14    1.8%       4     0     1
  Consumer Services               8 /14    -6.6%      3     2     3
  Media                           2 /16    -0.9%      2     0     0
  Retailing                       6 /32    9.6%       4     0     2

CONSUMER STAPLES:
  Food & Staples Retailing        3 /8     -2.4%      2     1     0
  Food Beverage & Tobacco         7 /27    0.9%       5     1     1
  Household & Personal Products   0 /6      na        0     0     0

FINANCIALS:
  Banks                          12 /15    10.8%     10     0     2
  Diversified Financials         15 /27   -13.4%     11     1     3
  Insurance                       2 /22     NM        0     0     2
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
FINANCIALS:
  Real Estate                     1 /17    13.4%      0     0     1

HEALTH CARE:
  Health Care Equipment & Srvs.   7 /30    4.5%       4     1     2
  Pharma., Biotech. & Life Sci.   3 /22    0.8%       2     0     1

INDUSTRIALS:
  Capital Goods                  10 /41    12.4%      7     2     1
  Commercial & Professional Ser   1 /11    10.2%      0     1     0
  Transportation                  4 /9     22.9%      4     0     0

INFORMATION TECH:
  Semiconductors                  4 /17   -17.5%      2     0     2
  Software & Services            11 /31    8.7%       9     1     1
  Technology Hardware & Equip.    6 /22    0.1%       2     3     1
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted   Earnings Surprises
                                 /Total   %Change    (+)  same   (-)

ENERGY:                           6 /44    3.8%       5     0     0

MATERIALS:                        7 /30   -24.4%      5     0     2

TELECOM SVCS:                     1 /8     13.1%      0     1     0

UTILITIES:                        1 /32    6.1%       1     0     0

TOTAL REPORTED
   UNIVERSE:                    123 /500   1.2%      82    14    26

S&P 500 Year-Over-Year Estimates
==========================================================================
Q2/12 Earnings Estimated Growth: -1.7%;  Ex-Financial: -2.3%
Q3/12 Earnings Estimated Growth:  1.1%;  Ex-Financial: -1.9%
S&P 500 Year-Over-Year Estimates
==========================================================================
Q4/12 Earnings Estimated Growth: 12.4%;  Ex-Financial: 9.5%
Q1/13 Earnings Estimated Growth:  5.5%;  Ex-Financial: 7.3%

@-- The number of companies reported is based on earnings announced for the period of May 16 to Aug. 15, and includes companies in the index as of June 29 (the last day of the quarter).

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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