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Summary of Reported EPS for Second Quarter of ’12 for S&P 500

Aug. 2 (Bloomberg) -- The following are the cumulative earnings per share results for the second quarter of 2012 for companies in the Standard & Poor’s 500 Index. The earnings included in the second quarter is based on companies announced quarter ended date in the period of May 16 to Aug. 15 and were as of index members on June 29 (the last day of the quarter).

Weighted and non-weighted averages are year-over-year percent changes. Share-weighted averages are based upon diluted shares outstanding of each compared quarter. Market capitalization weighted averages are based upon the market capitalization as of the close on June 29, 2012. The percentages calculations are based on earnings from continuing operations excluding gains, charges and one-time items.

Adjusted earnings calculations for the index are based on income from continuing operations excluding items. Net income (as reported) earnings are based on net income including charges and discontinued operation. Earnings figures are diluted. Earnings estimates are provided by Bloomberg. Following is the summary:


==========================================================================
                                           SHARE-     MKT-CAP     NON-
                                          WEIGHTED   WEIGHTED  WEIGHTED
THE S&P 500 UNIVERSE:                      % CHG      % CHG      % CHG
==========================================================================

TOTAL REPORTED Q2/12   400   GAIN/LOSS:     -0.2%       8.2%      6.2%
TOTAL UP  EPS          270   AVG. UP:       15.7%      17.4%     22.2%
  REVERSALS UP           6^
TOTAL DOWNEPS          124   AVG. DOWN:    -26.7%     -19.7%    -27.5%
  REVERSALS DOWN         6^
UNCHANGED EPS            6
TOTAL EX-FINANCIAL:    327   GAIN/LOSS:     -1.2%       8.5%      5.8%

==========================================================================
YEAR-OVER-YEAR COMPARISONS**:
==========================================================================

ADJUSTED Q2/12 EARNINGS OF 400/500:                            $26.02#
Q2/11 EARNINGS FOR S&P 500:                                    $25.31
PCT. CHANGE OF ADJUSTED EARNINGS TO Q2/11 EARNINGS:              2.81%
==========================================================================
YEAR-OVER-YEAR COMPARISONS**:
==========================================================================

NET INCOME (AS REPORTED) Q2/12 EARNINGS OF 400/500:            $23.57#
Q2/11 NET INCOME EARNINGS FOR S&P 500:                         $22.98
PCT. CHANGE OF NET INCOME EARNINGS TO Q2/11 EARNINGS:            2.57%

==========================================================================
DISTRIBUTION OF EARNINGS SURPRISES@:
==========================================================================

POSITIVE SURPRISES:    271/399 = 67.9%
% of Surprises:                        EPS Differences (Actual-Estimate):
      (0% to 10%):     175             (1 cent):                     50
     (10% to 20%):      53             (2 cents):                    40
     (20% to 30%):      18             (3 to 4 cents):               52
     (30% to 40%):       9             (5 to 9 cents):               68
     (40% to 50%):       4             (10 to 19 cents):             34
  (more than 50%):      12             (20 to 49 cents):             20
       % chg NM          0             (50 cents or more):            6
==========================================================================
DISTRIBUTION OF EARNINGS SURPRISES:
==========================================================================

0% SURPRISES:           44/399 = 11.0%

NEGATIVE SURPRISES:     84/399 = 21.1%
% of Surprises:                        EPS Differences (Actual-Estimate):
       (-10% to 0%):    53             (-1 cent):                    24
     (-20% to -10%):    16             (-2 cents):                   19
     (-30% to -20%):     2             (-3 to -4 cents):              8
     (-40% to -30%):     5             (-5 to -9 cents):             10
     (-50% to -40%):     3             (-10 to -19 cents):           12
   (less than -50%):     2             (-20 to -49 cents):           10
         % chg NM        3             (-50 cents or less):           1
==========================================================================

*-- Up reversals reflect companies which reported per-share profits this year against losses a year earlier. Down reversals reflect losses this year and gains last year.

**-- Year-Over-Year comparisons are based on earnings per share figures for the S&P 500 as a whole. These comparisons should only be used as a guide to year-over-year performance due to the differences in members of the S&P 500 index in Q2/12 and Q2/11. For S&P 500 Index members change, please see {ADD <GO>}.

#-- Estimates were used for those companies that have not yet reported for the quarter. For details of the calculations, please see the attachment {97 <GO>}.

@-- The number of companies reported is different than what is found on the EA <GO> earnings function due to rounding differences in estimates. No estimates provided for Leucadia National, hence the surprises total is less than the reported total.

^-- Included in the total up/down eps counts.

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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