Second Quarter of ’12 S&P 500 Earnings Snapshot as of Aug. 1

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:            351@       -0.6%
Higher EPS                       233        16.0%
Lower EPS                        112       -24.6%
Unchanged                          6         0.0%

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

Total reported Ex-Financial:     286        -1.4%

Comparable Q2/11:                360        18.5%
End of Q2/11:                    499        16.2%
End of Q1/12:                    500         6.2%

S&P 500 Index EPS with 351/500 companies reported:     $25.97
                  *Net income (as reported) EPS:       $23.38

Earnings Surprises^:
==========================================================================
                                    Q2/12              Q2/11
Positive Surprises:            235/351 = 67.0%     354/498 =71.1%
0% Surprises:                   39/351 = 11.1%      45/498 = 9.0%
Negative Surprises:             77/351 = 21.9%      99/498 =19.9%

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

Consumer Discretionary:          46 /81    -3.9%   30    4     12    $2.25
Consumer Staples:                22 /41    -1.6%   15    3     4     $2.34
Energy:                          31 /44   -15.2%   19    1     11    $3.33
Financials:                      65 /81    3.9%    40    7     18    $4.59
Health Care:                     39 /52    0.4%    30    3     6     $3.30
Industrials:                     49 /61    8.3%    38    6     5     $2.86
Information Tech:                52 /70    7.8%    35    8     9     $5.02
Materials:                       26 /30   -16.9%   15    4     7     $0.92
Telecom Svcs:                     6 /8     3.3%    4     1     1     $0.56
Utilities:                       15 /32    -1.0%   9     2     4     $0.82

Total Reported:                 351 /500   -0.6%  235    42    74   $25.97

Total Reported
   Ex-Financial:                286 /419   -1.4%  195    35    56
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
CONSUMER DISCRETIONARY:
  Automobiles & Components        5 /5    -23.3%      3     0     2
  Consumer Durables & Apparel    11 /14    19.8%      8     1     2
  Consumer Services              12 /14    -2.1%      5     2     5
  Media                           7 /16    5.6%       7     0     0
  Retailing                      11 /32    -8.9%      7     1     3

CONSUMER STAPLES:
  Food & Staples Retailing        4 /8     0.2%       3     1     0
  Food Beverage & Tobacco        15 /27    -1.5%     11     1     3
  Household & Personal Products   3 /6     -4.5%      1     1     1

FINANCIALS:
  Banks                          15 /15    13.1%     13     0     2
  Diversified Financials         25 /27   -13.0%     16     2     7
  Insurance                      13 /22   127.0%      5     3     5
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
FINANCIALS:
  Real Estate                    12 /17    21.5%      6     3     3

HEALTH CARE:
  Health Care Equipment & Srvs.  21 /30    8.4%      15     2     4
  Pharma., Biotech. & Life Sci.  18 /22    -2.3%     15     1     2

INDUSTRIALS:
  Capital Goods                  32 /41    7.1%      25     3     4
  Commercial & Professional Ser   9 /11    4.5%       7     2     0
  Transportation                  8 /9     14.6%      6     1     1

INFORMATION TECH:
  Semiconductors                 12 /17   -16.4%      8     0     4
  Software & Services            24 /31    9.4%      19     3     2
  Technology Hardware & Equip.   16 /22    15.3%      8     5     3
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)

ENERGY:                          31 /44   -15.2%     19     2    10

MATERIALS:                       26 /30   -16.9%     15     5     6

TELECOM SVCS:                     6 /8     3.3%       4     1     1

UTILITIES:                       15 /32    -1.0%      9     2     4

TOTAL REPORTED
   UNIVERSE:                    351 /500   -0.6%    235    42    74

S&P 500 Year-Over-Year Estimates
==========================================================================
Q2/12 Earnings Estimated Growth: -1.0%;  Ex-Financial: -1.7%
Q3/12 Earnings Estimated Growth: -1.1%;  Ex-Financial: -4.6%
S&P 500 Year-Over-Year Estimates
==========================================================================
Q4/12 Earnings Estimated Growth: 10.8%;  Ex-Financial: 7.5%
Q1/13 Earnings Estimated Growth:  4.7%;  Ex-Financial: 6.2%

@-- 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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