sp-500-eps-est

S&P Dow Jones IndicesS&P 500 EARNINGS AND ESTIMATE REPORT8/7/2013Howard Silverblatt S&P Senior Index Analyst

S&P 500 S&P 500 5YR S&P 500 MIDCAP MIDCAP 5YR MIDCAP SMALLCAP SMALLCAP 5YR2013 EST PROJ ANNUAL PEG 2013 EST PROJ ANNUAL PEG 2013 EST PROJ ANNUAL

OPER P/E GROWTH % OPER P/E GROWTH % OPER P/E GROWTH %Index 15.58 10.96 1.42 19.69 12.63 1.56 21.30 13.92Consumer Discretionary 18.80 15.98 1.18 19.42 14.99 1.30 20.18 12.78Consumer Staples 17.99 9.67 1.86 21.68 11.57 1.87 19.81 12.85Energy 13.06 9.28 1.41 19.18 18.00 1.07 24.61 20.47Financials 13.31 9.41 1.41 20.82 7.94 2.62 19.37 9.21Health Care 17.30 10.31 1.68 22.64 15.64 1.45 26.58 19.80Industrials 16.09 11.49 1.40 16.63 13.72 1.21 19.15 14.17Information Technology 14.61 12.67 1.15 22.04 15.30 1.44 24.44 17.18Materials 17.85 10.56 1.69 16.88 11.82 1.43 23.31 13.71Telecommunication Services 17.73 8.63 2.06 642.62 15.20 42.28 31.74 6.92Utilities 16.62 3.42 4.87 18.22 6.05 3.01 17.52 5.49

OBSERVATION Q2,'13 EST Q3,'13 EST Q4,'13 EST 2013 EST 2014 EST3/30/2012 $29.27 $30.27 $31.18 $117.916/29/2012 $28.97 $30.04 $31.28 $117.759/28/2012 $28.43 $29.10 $30.45 $114.96

12/31/2012 $27.84 $28.52 $29.63 $112.173/28/2013 $27.46 $28.43 $29.76 $111.14 $124.736/28/2013 $26.34 $27.63 $29.32 $109.06 $123.01

current $26.43 $27.17 $29.13 $108.51 $122.37

Of the 446 with full operating comparative data for Q2,'13:292 beat, 121 missed, and 33 met their estimates

------------- ISSUES -------------------- ----------- PERCENTAGE --------------------SECTOR REPORTED BEAT MISSED MET REPORTED BEAT MISSED METEnergy 43 25 16 2 100.00% 58.14% 37.21% 4.65%Materials 29 17 9 3 96.67% 58.62% 31.03% 10.34%Industrials 58 36 17 5 95.08% 62.07% 29.31% 8.62%Consumer Discretionary 60 38 19 3 72.29% 63.33% 31.67% 5.00%Consumer Staples 31 21 5 5 77.50% 67.74% 16.13% 16.13%Health Care 49 38 7 4 90.74% 77.55% 14.29% 8.16%Financials 81 57 20 4 100.00% 70.37% 24.69% 4.94%Information Technology 58 42 12 4 82.86% 72.41% 20.69% 6.90%Telecommunication Services 7 2 3 2 100.00% 28.57% 42.86% 28.57%Utilities 30 16 13 1 96.77% 53.33% 43.33% 3.33%S&P 500 446 292 121 33 89.20% 65.47% 27.13% 7.40%

S&P 500 BOTTOM-UP OPERATING ESTIMATES OVER TIME Still developing estimates - note the recent decline

[email protected]

$24.50 $25.00 $25.50 $26.00 $26.50 $27.00 $27.50 $28.00 $28.50 $29.00 $29.50 $30.00

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S&P 500 Q2,'13 OPER EPS EST

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S&P 500 2013 OPER EPS EST

$121.40 $121.60 $121.80 $122.00 $122.20 $122.40 $122.60 $122.80 $123.00 $123.20 $123.40

4/30/2013 5/31/2013 6/30/2013 7/31/2013


mailto:[email protected]

91.4% reported: With 89% of the issues in, Q2,'13 is set to post another Operating and As Reported record -> no proformas or ifs -> based on methodology and historical reportingOperating margins remain high at 9.54%, near the record Q3,'06 9.60%; mostly retail left, which has lower margins, so a new record doesn't appear in the works2H13 has posted only a slight decline from June month-end (1.1% lower), as 2014 starts to decline, but still seems high (to me) Data as of the close of: 8/7/2013S&P 500 close of: 1690.91Dividend yield (last 12 months: Jul,'13) 2.00%Dividend yield (indicated rate) 2.09%

OPERATING AS REPORTED OPERATING OPERATING AS REPORTED OPERATING --- 12 MONTH EARNINGS PER SHARE ---QUARTER EARNINGS EARNINGS EARNINGS EARNINGS EARNINGS EARNINGS OPERATING AS REPORTEDEND PRICE PER SHR PER SHR PER SHR P/E P/E P/E EARNINGS EARNINGS

(ests are (ests are (ests are (ests are (ests are (ests are (ests are (ests arebottom up) top down) top down) bottom up) top down) top down) bottom up) top down)

ESTIMATES12/31/2014 $32.68 $25.60 $28.03 13.82 15.16 14.76 $122.38 $111.5309/30/2014 $30.84 $28.48 $29.48 14.23 15.20 14.80 $118.83 $111.2106/30/2014 $30.10 $28.76 $29.02 14.68 15.50 15.05 $115.16 $109.0903/31/2014 $28.76 $28.69 $28.00 15.17 16.04 15.40 $111.49 $105.4112/31/2013 $29.13 $25.28 $27.74 15.58 16.75 15.72 $108.50 $100.9409/30/2013 $27.17 $26.36 $27.61 16.49 17.56 16.42 $102.52 $96.3106/30/2013 (91.4%) 1606.28 $26.43 $25.08 $26.43 17.02 18.55 17.02 $99.35 $91.16

16.17 17.62 16.17 (P/E on Jun,'13 price)ACTUAL 03/31/2013 1569.19 $25.77 $24.22 15.96 17.89 $98.35 $87.7012/31/2012 1426.19 $23.15 $20.65 14.73 16.49 $96.82 $86.5109/30/2012 1440.67 $24.00 $21.21 14.79 16.66 $97.40 $86.5006/30/2012 1362.16 $25.43 $21.62 13.80 15.49 $98.69 $87.9203/31/2012 1408.47 $24.24 $23.03 14.35 15.91 $98.12 $88.5412/31/2011 1257.60 $23.73 $20.64 13.04 14.46 $96.44 $86.9509/30/2011 1131.42 $25.29 $22.63 11.95 13.01 $94.64 $86.9806/30/2011 1320.64 $24.86 $22.24 14.53 15.75 $90.91 $83.8703/30/2011 1325.83 $22.56 $21.44 15.25 16.31 $86.95 $81.3112/31/2010 1257.64 $21.93 $20.67 15.01 16.26 $83.77 $77.3509/30/2010 1141.20 $21.56 $19.52 14.45 15.88 $79.00 $71.8606/30/2010 1030.71 $20.90 $19.68 14.08 15.36 $73.22 $67.1003/31/2010 1169.43 $19.38 $17.48 17.68 19.19 $66.13 $60.9312/31/2009 1115.10 $17.16 $15.18 19.61 21.88 $56.86 $50.97

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S&P 500 Q2,'13 OPER EPS EST

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$121.40 $121.60 $121.80 $122.00 $122.20 $122.40 $122.60 $122.80 $123.00 $123.20 $123.40

4/30/2013 5/31/2013 6/30/2013 7/31/2013


09/30/2009 1057.08 $15.78 $14.76 26.69 84.30 $39.61 $12.5406/30/2009 919.32 $13.81 $13.51 23.10 122.41 $39.79 $7.5103/31/2009 797.87 $10.11 $7.52 18.56 116.31 $43.00 $6.8612/31/2008 903.25 -$0.09 -$23.25 18.24 60.70 $49.51 $14.8809/30/2008 1166.36 $15.96 $9.73 17.99 25.38 $64.82 $45.9506/30/2008 1280.00 $17.02 $12.86 18.36 24.92 $69.73 $51.3703/31/2008 1322.70 $16.62 $15.54 17.23 21.90 $76.77 $60.3912/31/2007 1468.36 $15.22 $7.82 17.79 22.19 $82.54 $66.1809/30/2007 1526.75 $20.87 $15.15 17.09 19.42 $89.31 $78.6006/30/2007 1503.35 $24.06 $21.88 16.44 17.70 $91.47 $84.9203/31/2007 1420.86 $22.39 $21.33 15.90 17.09 $89.36 $83.1512/31/2006 1418.30 $21.99 $20.24 16.17 17.40 $87.72 $81.5109/30/2006 1335.85 $23.03 $21.47 15.55 17.00 $85.92 $78.5706/30/2006 1270.20 $21.95 $20.11 15.54 17.05 $81.73 $74.4903/31/2006 1294.83 $20.75 $19.69 16.35 17.82 $79.20 $72.6712/31/2005 1248.29 $20.19 $17.30 16.33 17.85 $76.45 $69.9309/30/2005 1228.81 $18.84 $17.39 16.56 18.46 $74.21 $66.5706/30/2005 1191.33 $19.42 $18.29 16.49 18.80 $72.25 $63.3603/31/2005 1180.59 $18.00 $16.95 16.91 19.57 $69.81 $60.3212/31/2004 1211.92 $17.95 $13.94 17.91 20.70 $67.68 $58.5509/30/2004 1114.58 $16.88 $14.18 17.25 19.29 $64.61 $57.7706/30/2004 1140.84 $16.98 $15.25 18.36 20.32 $62.14 $56.1503/31/2004 1126.21 $15.87 $15.18 19.39 21.66 $58.08 $52.0012/31/2003 1111.92 $14.88 $13.16 20.33 22.81 $54.69 $48.7409/30/2003 995.97 $14.41 $12.56 19.25 25.82 $51.75 $38.5806/30/2003 974.50 $12.92 $11.10 19.91 28.21 $48.95 $34.5503/31/2003 848.18 $12.48 $11.92 17.79 27.97 $47.67 $30.3212/31/2002 879.82 $11.94 $3.00 19.11 31.89 $46.04 $27.5909/30/2002 815.28 $11.61 $8.53 18.52 27.14 $44.04 $30.0406/30/2002 989.81 $11.64 $6.87 23.80 37.02 $41.59 $26.7403/31/2002 1147.39 $10.85 $9.19 29.44 46.45 $38.97 $24.7012/31/2001 1148.08 $9.94 $5.45 29.55 46.50 $38.85 $24.6909/30/2001 1040.94 $9.16 $5.23 24.77 36.77 $42.02 $28.3106/30/2001 1224.38 $9.02 $4.83 26.03 33.28 $47.03 $36.7903/31/2001 1160.33 $10.73 $9.18 21.94 25.54 $52.89 $45.4412/31/2000 1320.28 $13.11 $9.07 23.52 26.41 $56.13 $50.0009/30/2000 1436.51 $14.17 $13.71 25.30 26.75 $56.79 $53.7006/30/2000 1454.60 $14.88 $13.48 26.17 28.02 $55.59 $51.9203/31/2000 1498.58 $13.97 $13.74 27.79 29.41 $53.92 $50.9512/31/1999 1469.25 $13.77 $12.77 28.43 30.50 $51.68 $48.1709/30/1999 1282.71 $12.97 $11.93 25.98 29.18 $49.38 $43.9606/30/1999 1372.71 $13.21 $12.51 29.29 33.46 $46.86 $41.0203/31/1999 1286.37 $11.73 $10.96 28.54 33.52 $45.08 $38.3812/31/1998 1229.23 $11.47 $8.56 27.77 32.60 $44.27 $37.7109/30/1998 1017.01 $10.45 $8.99 23.07 26.70 $44.09 $38.0906/30/1998 1133.84 $11.43 $9.87 25.38 29.10 $44.67 $38.9703/31/1998 1101.75 $10.92 $10.29 24.83 27.86 $44.37 $39.5412/31/1997 970.43 $11.29 $8.94 22.05 24.43 $44.01 $39.7209/30/1997 947.28 $11.03 $9.87 21.66 23.31 $43.73 $40.6406/30/1997 885.14 $11.13 $10.44 20.77 21.83 $42.62 $40.5503/31/1997 757.12 $10.56 $10.47 18.11 18.82 $41.80 $40.2412/31/1996 740.74 $11.01 $9.86 18.23 19.13 $40.63 $38.7309/30/1996 687.33 $9.92 $9.78 17.44 19.09 $39.40 $36.00

06/30/1996 670.63 $10.31 $10.13 17.08 19.21 $39.26 $34.9103/31/1996 645.50 $9.39 $8.96 16.79 18.96 $38.45 $34.0412/31/1995 615.93 $9.78 $7.13 16.34 18.14 $37.70 $33.9609/30/1995 584.41 $9.78 $8.69 15.92 16.61 $36.72 $35.1806/30/1995 544.75 $9.50 $9.26 15.58 15.82 $34.97 $34.4303/31/1995 500.71 $8.64 $8.88 15.07 15.38 $33.22 $32.5512/31/1994 459.27 $8.80 $8.35 14.47 15.01 $31.75 $30.6009/30/1994 462.71 $8.03 $7.94 15.37 16.93 $30.11 $27.3306/30/1994 444.27 $7.75 $7.38 15.32 17.63 $29.00 $25.2003/31/1994 445.77 $7.17 $6.93 16.02 19.63 $27.82 $22.7112/31/1993 466.45 $7.16 $5.08 17.34 21.31 $26.90 $21.8909/30/1993 458.93 $6.92 $5.81 18.10 22.49 $25.35 $20.4106/30/1993 450.53 $6.57 $4.89 19.13 23.31 $23.55 $19.3303/31/1993 451.67 $6.25 $6.11 20.35 22.77 $22.19 $19.8412/31/1992 435.71 $5.61 $3.60 20.88 22.82 $20.87 $19.0909/30/1992 417.80 $5.12 $4.73 21.01 23.16 $19.89 $18.0406/30/1992 408.14 $5.21 $5.40 20.53 23.94 $19.88 $17.0503/31/1992 403.69 $4.93 $5.36 20.74 24.93 $19.46 $16.1912/31/1991 417.09 $4.63 $2.55 21.61 26.12 $19.30 $15.9709/30/1991 387.86 $5.11 $3.74 19.71 21.77 $19.68 $17.8206/30/1991 371.16 $4.79 $4.54 18.07 19.12 $20.54 $19.4103/31/1991 375.22 $4.77 $5.14 17.20 17.92 $21.81 $20.9412/31/1990 330.22 $5.01 $4.40 14.58 15.47 $22.65 $21.3409/30/1990 306.05 $5.97 $5.33 13.03 14.08 $23.48 $21.7406/30/1990 358.02 $6.06 $6.07 15.53 16.84 $23.05 $21.2603/31/1990 339.94 $5.61 $5.54 14.45 15.69 $23.52 $21.6712/31/1989 353.40 $5.84 $4.80 14.53 15.45 $24.32 $22.8709/30/1989 349.15 $5.54 $4.85 14.05 14.74 $24.85 $23.6906/30/1989 317.98 $6.53 $6.48 12.46 12.61 $25.53 $25.2203/31/1989 294.87 $6.41 $6.74 11.77 11.81 $25.05 $24.9612/31/1988 277.72 $6.37 $5.62 11.51 11.69 $24.12 $23.7509/30/1988 271.91 $6.22 $6.38 06/30/1988 273.50 $6.05 $6.2203/31/1988 258.89 $5.48 $5.53

Operating earnings: Income from product (goods and services), excludes corporate (M&A, financing, layoffs ), and unusual itemsAs Reported earnings: Income from continuing operations, also known GAAP (Generally Accepted Accounting Principles) and As ReportedBottom up estimate: Capital IQ consensus estimate for specific issue, building from the bottom up to the index level estimateTop down estimate: S&P estimate (Economics Department) incorporates models (economic, financial, policy), does not come down to the issue level

Actual earnings are bottom upEstimates are bottom up and top down, as markedCharts are normalized operating estimates based on Capital IQ consensus estimates

SMALLCAPPEG

1.531.581.541.202.101.341.351.421.704.593.19

Still developing estimates - note the recent decline

$121.40 $121.60 $121.80 $122.00 $122.20 $122.40 $122.60 $122.80 $123.00 $123.20 $123.40

4/30/2013 5/31/2013 6/30/2013 7/31/2013


--- 12 MONTH EARNINGS PER SHARE ---OPERATING

EARNINGS(ests are

top down)

$114.53$114.24$112.37$109.78$107.55$102.96$99.35

$121.40 $121.60 $121.80 $122.00 $122.20 $122.40 $122.60 $122.80 $123.00 $123.20 $123.40

4/30/2013 5/31/2013 6/30/2013 7/31/2013


S&P Dow Jones IndicesData as of the close of: 8/7/2013Historical actuals: 3/31/2013 and priorEstimates: 6/30/2013 and forward

INDEX NAME 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1Operating Earnings Per Share by Economic Sector PriceS&P 500 1690.91 $16.62 $17.02 $15.96 -$0.09 $10.11 $13.81 $15.78 $17.16 $19.38 $20.90 $21.56 $21.93 $22.56 $24.86 $25.29 $23.73 $24.24 $25.43 $24.00 $23.15 $25.77S&P 500 Consumer Discretionary 473.95 $2.61 $1.68 $1.36 -$0.37 $0.38 $2.77 $3.49 $4.32 $4.09 $4.63 $4.43 $5.05 $4.67 $5.38 $5.18 $5.58 $4.91 $5.30 $5.73 $6.33 $5.55S&P 500 Consumer Staples 427.68 $4.04 $4.27 $4.66 $4.20 $3.90 $4.62 $4.88 $4.96 $4.37 $4.81 $5.01 $5.26 $4.92 $5.39 $5.51 $5.56 $5.06 $5.48 $5.73 $6.33 $5.43S&P 500 Energy 604.15 $12.22 $13.54 $20.73 $4.44 $0.44 $4.57 $5.93 $6.32 $8.42 $9.29 $8.39 $9.10 $10.81 $12.98 $14.11 $10.04 $11.52 $12.21 $10.13 $10.45 $11.18S&P 500 Financials 275.15 -$0.80 -$1.05 -$5.46 -$13.93 $0.50 $1.01 $1.35 $1.54 $3.66 $3.81 $3.92 $3.43 $3.75 $3.95 $4.48 $4.05 $3.93 $4.38 $4.27 $3.86 $5.21S&P 500 Health Care 590.88 $6.19 $6.34 $6.28 $5.66 $6.61 $6.60 $6.92 $6.27 $7.08 $7.23 $7.44 $7.15 $7.70 $8.27 $7.70 $7.40 $8.35 $8.02 $7.93 $7.23 $8.14S&P 500 Industrials 392.89 $5.12 $5.97 $5.46 $4.63 $3.08 $3.75 $3.24 $4.15 $3.71 $4.61 $4.85 $5.24 $4.56 $5.54 $5.44 $5.42 $5.48 $6.17 $5.75 $4.87 $5.48S&P 500 Information Technology 514.25 $4.44 $4.56 $4.39 $2.73 $2.90 $3.62 $4.52 $6.44 $5.54 $6.11 $6.70 $7.90 $7.18 $7.69 $7.32 $9.26 $8.27 $8.14 $6.90 $9.38 $8.20S&P 500 Materials 255.37 $4.49 $4.73 $3.43 -$4.56 $1.04 $1.67 $2.27 $2.11 $3.20 $3.47 $3.25 $3.42 $4.96 $5.44 $3.92 $1.87 $4.23 $4.46 $3.19 $2.79 $4.48S&P 500 Telecommunication Services 158.03 $2.11 $2.25 $1.98 $1.87 $1.95 $1.88 $1.77 $1.62 $1.91 $1.98 $1.84 $1.63 $1.91 $1.78 $1.95 $1.21 $1.90 $2.29 $2.09 -$2.90 $2.10S&P 500 Utilities 199.05 $3.20 $2.67 $4.01 $2.37 $2.89 $2.52 $3.81 $2.28 $3.41 $2.66 $4.11 $2.16 $3.15 $2.87 $4.13 $2.32 $2.98 $2.68 $3.66 $2.65 $2.54

S&P 400 1230.88 $10.12 $10.71 $10.01 -$0.79 $2.45 $7.52 $8.50 $9.12 $9.22 $10.93 $11.82 $11.94 $10.65 $13.07 $13.23 $13.36 $12.84 $13.74 $14.13 $13.82 $13.29S&P 400 Consumer Discretionary 552.83 $2.46 $2.98 $0.34 $0.61 $2.00 $2.57 $3.29 $4.28 $3.85 $4.43 $4.40 $5.35 $3.66 $4.66 $4.41 $7.01 $5.10 $5.66 $5.88 $7.76 $5.56S&P 400 Consumer Staples 1152.74 $6.21 $7.13 $8.51 $6.83 $5.45 $7.19 $8.31 $10.23 $7.59 $9.47 $10.41 $11.83 $11.55 $11.24 $11.37 $11.93 $10.97 $11.78 $14.07 $14.53 $9.83S&P 400 Energy 791.74 $13.40 $13.38 $30.21 -$40.02 -$20.59 $4.36 $6.91 $4.12 $10.60 $7.92 $8.12 $4.70 $6.91 $12.87 $17.83 $9.10 $10.90 $7.93 $5.54 $6.10 $8.54S&P 400 Financials 603.91 $5.51 $2.66 $0.51 -$2.58 $2.57 $3.79 $2.96 $3.55 $3.40 $4.59 $4.95 $6.00 $3.49 $6.20 $4.47 $6.20 $6.76 $6.26 $7.22 $7.38 $7.52S&P 400 Health Care 819.79 $4.04 $6.43 $4.46 $4.55 $0.92 $4.59 $4.89 $5.36 $4.51 $5.11 $5.21 $5.80 $5.28 $6.57 $8.50 $8.16 $6.86 $7.55 $7.53 $7.19 $7.23S&P 400 Industrials 597.35 $5.03 $6.18 $6.29 $3.90 $2.56 $3.97 $4.29 $4.36 $4.14 $5.87 $6.16 $5.55 $5.37 $6.88 $7.55 $7.37 $6.83 $8.19 $8.70 $7.32 $7.22S&P 400 Information Technology 1278.73 $9.31 $10.54 $8.89 -$2.08 $1.61 $6.65 $6.84 $10.75 $9.70 $12.08 $13.69 $16.57 $14.17 $14.66 $12.98 $12.18 $10.15 $13.95 $11.25 $12.07 $9.81S&P 400 Materials 322.02 $3.93 $5.73 $4.52 $0.99 $1.29 $2.59 $2.89 $2.55 $2.36 $4.65 $4.07 $3.11 $4.29 $4.77 $3.34 $3.41 $4.53 $4.83 $3.59 $3.32 $4.15S&P 400 Telecommunication Services 230.05 $3.48 $4.03 $4.34 $4.37 $3.16 $3.20 $2.35 $1.38 $2.03 $6.84 $1.87 $1.49 $1.51 $2.69 $2.49 $0.54 $2.08 $1.86 $1.49 $0.08 $0.58S&P 400 Utilities 385.26 $4.65 $2.48 $4.74 $3.48 $4.45 $2.75 $5.01 $3.36 $5.65 $2.41 $6.10 $3.58 $5.11 $3.05 $5.62 $3.45 $4.43 $3.86 $7.19 $4.24 $5.34

S&P 600 588.91 $3.70 $4.28 $3.51 -$1.27 $0.68 $1.83 $2.26 $2.85 $3.45 $4.28 $4.86 $4.40 $4.74 $5.36 $5.26 $5.23 $5.28 $5.51 $5.58 $5.25 $5.81S&P 600 Consumer Discretionary 389.07 $1.06 $1.42 $0.53 -$0.90 $0.48 $0.57 $2.42 $1.70 $2.33 $2.66 $3.23 $1.98 $2.90 $3.17 $3.89 $3.14 $3.35 $4.06 $4.01 $2.73 $4.14S&P 600 Consumer Staples 1129.94 $4.11 $8.11 $5.98 $5.04 $7.47 $9.05 $7.75 $3.80 $8.88 $10.07 $7.75 $8.07 $6.94 $10.38 $9.46 $9.88 $12.39 $12.04 $11.92 $10.53 $12.80S&P 600 Energy 1505.93 $16.13 $21.06 $33.26 -$35.78 -$4.28 $6.89 $6.14 -$1.67 $11.49 $11.79 $16.21 $7.01 $13.89 $21.51 $16.78 $8.98 $12.30 $2.78 $2.45 -$1.89 $8.67S&P 600 Financials 667.90 $3.15 $2.56 -$1.17 -$10.69 -$4.43 -$1.31 -$5.89 $0.56 $1.55 $2.20 $3.72 $2.24 $3.55 $4.72 $4.95 $6.26 $6.54 $6.50 $7.09 $7.70 $8.14S&P 600 Health Care 1101.14 $4.65 $5.96 $5.21 $5.93 $5.15 $5.85 $6.88 $7.05 $6.52 $7.98 $7.76 $9.44 $7.89 $8.54 $9.64 $11.36 $8.38 $9.09 $10.04 $10.85 $7.98S&P 600 Industrials 635.62 $6.11 $8.38 $7.61 $4.00 $2.75 $4.56 $5.11 $4.04 $2.86 $5.98 $6.16 $5.97 $6.03 $7.09 $6.94 $6.11 $6.68 $7.56 $7.70 $7.74 $7.25S&P 600 Information Technology 336.96 $1.93 $1.77 $1.49 -$0.76 -$0.65 $0.09 $1.47 $1.88 $2.08 $2.79 $3.27 $3.52 $2.60 $3.01 $2.50 $2.27 $1.63 $2.24 $2.31 $2.39 $1.97S&P 600 Materials 376.94 -$0.23 $4.77 $4.26 -$3.57 $0.01 $2.89 $3.75 $3.17 $2.85 $4.20 $3.18 $2.71 $3.67 $4.97 $4.18 $2.91 $3.61 $5.64 $4.00 $1.12 $3.17S&P 600 Telecommunication Services 2.35 $0.07 $0.49 $0.12 -$0.22 $0.07 -$0.01 $0.03 $0.02 $0.03 $0.04 $0.04 $0.02 $0.04 $0.04 $0.04 $0.02 $0.04 $0.04 $0.03 -$0.01 $0.02S&P 600 Utilities 567.11 $10.21 $2.25 $3.73 $8.26 $9.93 $2.26 $2.15 $8.92 $11.21 $3.26 $4.71 $8.47 $12.27 $4.52 $3.57 $9.90 $11.70 $3.19 $4.01 $10.18 $11.92

S&P Composite 1500 392.13 $3.74 $3.86 $3.60 -$0.08 $2.13 $3.05 $3.49 $3.80 $4.27 $4.65 $4.82 $4.89 $4.99 $5.55 $5.63 $5.32 $5.41 $5.69 $5.41 $5.22 $5.75S&P Composite 1500 Consumer Discretionary 448.38 $2.35 $1.68 $1.12 -$0.28 $0.52 $2.45 $3.19 $3.90 $3.72 $4.23 $4.09 $4.61 $4.21 $4.89 $4.74 $5.23 $4.56 $4.96 $5.32 $5.88 $5.16S&P Composite 1500 Consumer Staples 449.36 $4.13 $4.40 $4.80 $4.30 $4.00 $4.75 $5.02 $5.12 $4.52 $4.99 $5.19 $5.46 $5.11 $5.60 $5.71 $5.77 $5.27 $5.70 $5.98 $6.58 $5.63S&P Composite 1500 Energy 639.98 $12.59 $14.04 $21.87 $2.30 -$0.50 $4.74 $6.16 $6.37 $8.82 $9.60 $8.76 $9.30 $11.12 $13.53 $14.81 $10.39 $11.94 $12.45 $10.29 $10.58 $11.47S&P Composite 1500 Financials 302.62 -$0.39 -$0.78 -$5.08 -$13.36 $0.50 $1.11 $1.27 $1.63 $3.64 $3.86 $4.01 $3.57 $3.78 $4.12 $4.54 $4.25 $4.17 $4.56 $4.52 $4.16 $5.43S&P Composite 1500 Health Care 608.94 $5.88 $6.23 $6.03 $5.51 $6.10 $6.34 $6.67 $6.12 $6.75 $6.99 $7.17 $7.00 $7.43 $8.07 $7.71 $7.46 $8.20 $7.95 $7.90 $7.26 $8.05S&P Composite 1500 Industrials 418.36 $5.11 $6.04 $5.59 $4.52 $3.00 $3.78 $3.38 $4.14 $3.69 $4.75 $4.99 $5.26 $4.66 $5.69 $5.66 $5.60 $5.62 $6.38 $6.06 $5.18 $5.68S&P Composite 1500 Information Technology 534.37 $4.49 $4.64 $4.41 $2.41 $2.68 $3.55 $4.47 $6.39 $5.54 $6.18 $6.80 $8.02 $7.22 $7.73 $7.31 $9.07 $8.06 $8.08 $6.86 $9.18 $8.00S&P Composite 1500 Materials 273.28 $4.31 $4.99 $3.69 -$3.66 $1.06 $1.90 $2.47 $2.24 $3.12 $3.72 $3.42 $3.40 $4.90 $5.39 $3.92 $2.15 $4.31 $4.62 $3.33 $2.83 $4.45S&P Composite 1500 Telecommunication Services 157.12 $2.12 $2.28 $1.99 $1.87 $1.95 $1.87 $1.76 $1.59 $1.89 $2.04 $1.82 $1.60 $1.89 $1.78 $1.94 $1.19 $1.88 $2.26 $2.06 -$2.82 $2.05S&P Composite 1500 Utilities 227.61 $3.58 $2.65 $4.13 $2.65 $3.25 $2.61 $4.00 $2.56 $3.85 $2.74 $4.45 $2.46 $3.58 $3.01 $4.40 $2.63 $3.36 $2.89 $4.09 $3.01 $3.02

As Reported Earnings Per Share by Economic SectorINDEX NAME Price 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1S&P 500 1690.91 $15.54 $12.86 $9.73 -$23.25 $7.52 $13.51 $14.76 $15.18 $17.48 $19.68 $19.52 $20.67 $21.44 $22.24 $22.63 $20.64 $23.03 $21.62 21.21 20.65 24.22S&P 500 Consumer Discretionary 473.95 $2.03 -$3.28 -$1.18 -$11.28 $0.45 $3.14 $3.11 $3.79 $3.81 $4.36 $3.95 $4.54 $4.40 $5.02 $4.76 $8.18 $4.73 $4.79 5.49 6.21 5.63S&P 500 Consumer Staples 427.68 $3.71 $3.53 $4.49 $2.51 $3.48 $4.33 $4.46 $4.28 $3.99 $4.64 $4.50 $5.96 $4.71 $5.08 $4.97 $4.26 $4.62 $5.16 5.26 5.91 5.04S&P 500 Energy 604.15 $12.09 $13.12 $19.70 -$9.76 -$0.27 $4.20 $5.89 $6.19 $8.27 $9.74 $8.50 $9.03 $10.72 $12.53 $11.89 $9.65 $11.71 $13.38 9.80 9.59 10.76S&P 500 Financials 275.15 -$0.81 -$2.53 -$10.71 -$23.91 -$0.25 $1.95 $1.18 -$0.27 $3.49 $3.44 $2.40 $3.44 $3.60 $2.48 $4.32 $3.68 $3.97 $4.14 3.73 3.72 4.71S&P 500 Health Care 590.88 $5.58 $5.71 $5.18 $2.62 $5.89 $6.09 $6.73 $6.90 $5.41 $6.17 $5.62 $5.26 $6.53 $7.11 $6.39 $5.28 $7.19 $5.48 6.71 5.71 7.06S&P 500 Industrials 392.89 $4.94 $5.53 $5.22 $1.93 $2.45 $3.28 $2.88 $3.94 $3.32 $4.48 $4.58 $4.71 $4.61 $5.36 $5.12 $5.08 $5.39 $5.96 5.15 3.97 5.47S&P 500 Information Technology 514.25 $4.16 $4.82 $3.82 $0.02 $1.53 $2.99 $4.29 $6.26 $5.39 $5.83 $6.58 $7.76 $6.93 $7.29 $6.24 $8.60 $7.81 $4.31 5.95 9.17 7.92S&P 500 Materials 255.37 $4.27 $4.52 $2.95 -$11.16 $0.82 $1.18 $2.41 $1.47 $2.69 $3.24 $4.00 $2.83 $4.66 $5.06 $3.89 $0.94 $3.83 $4.13 2.04 1.18 4.15S&P 500 Telecommunication Services 158.03 $1.89 $2.20 $1.93 $0.99 $1.78 $1.80 $1.60 $0.67 $0.92 $1.36 $4.34 $1.11 $1.79 $1.71 $1.79 -$3.43 $1.74 $1.74 1.88 -3.42 2.06S&P 500 Utilities 199.05 $3.32 $2.82 $3.78 $1.69 $2.37 $2.40 $3.47 $4.12 $3.04 $2.84 $3.09 $2.07 $2.83 $3.14 $3.74 $1.44 $2.33 $2.47 2.72 1.61 2.01

S&P 400 1230.88 $8.94 $7.23 $6.42 -$17.92 -$1.98 $6.11 $7.85 $8.56 $8.70 $9.22 $11.21 $10.01 $10.06 $11.90 $10.22 $10.27 $11.26 $11.94 12.41 10.07 12.05S&P 400 Consumer Discretionary 552.83 $0.80 $1.16 -$2.73 -$5.56 $1.60 $1.53 $3.26 $4.57 $3.48 $4.07 $4.26 $3.96 $3.24 $3.85 $3.98 $6.40 $4.91 $4.57 6.20 6.41 4.88S&P 400 Consumer Staples 1152.74 $6.07 $6.77 $7.73 $5.86 $5.35 $4.61 $7.71 $9.20 $7.08 $9.02 $9.80 $11.18 $10.91 $9.35 $2.87 $11.86 $10.52 $11.73 8.40 14.77 9.05S&P 400 Energy 791.74 $13.50 $12.95 $30.08 -$58.80 -$21.74 $2.30 $7.39 $3.76 $10.40 $7.99 $7.77 $6.46 $7.11 $11.92 $12.63 $8.79 $9.33 -$1.62 3.21 0.96 8.04S&P 400 Financials 603.91 $4.53 -$0.24 $0.40 -$5.68 $3.03 $4.09 $3.21 $3.81 $3.51 $4.32 $4.81 $5.92 $3.37 $5.87 $4.33 $5.70 $5.94 $5.90 7.25 7.03 7.61S&P 400 Health Care 819.79 $4.21 $5.61 $3.23 -$0.97 -$7.01 $4.11 $4.16 $4.95 $4.12 $3.66 $3.44 $3.34 $4.64 $5.82 $7.44 $6.68 $4.24 $6.18 6.16 3.41 4.61S&P 400 Industrials 597.35 $4.52 $5.73 $1.71 -$3.00 -$1.65 $2.80 $3.36 $3.63 $3.64 $5.67 $5.74 $3.81 $5.19 $6.38 $4.79 $4.55 $6.43 $7.66 6.83 2.16 6.53S&P 400 Information Technology 1278.73 $8.30 $3.35 $6.08 -$52.81 -$4.23 $5.08 $5.80 $9.44 $9.11 $4.45 $14.44 $15.04 $12.98 $13.99 $10.76 $1.72 $8.67 $14.84 9.94 11.53 7.27S&P 400 Materials 322.02 $3.53 $3.95 $4.21 -$3.72 $1.00 $2.42 $2.87 $2.23 $2.01 $4.51 $4.32 $2.99 $4.19 $4.17 $1.18 $3.35 $3.79 $4.15 2.77 3.39 4.20

S&P 400 Telecommunication Services 230.05 $2.81 $3.78 $4.34 -$4.64 $3.31 $3.20 $2.40 $0.94 $1.66 $5.93 $1.81 $0.88 $1.51 $2.89 $2.40 $0.31 $2.08 $1.80 1.49 -0.70 0.45S&P 400 Utilities 385.26 $4.84 $2.16 $5.01 $2.43 $3.12 $2.65 $4.43 $3.05 $5.99 $2.44 $5.64 $3.07 $5.09 $2.93 $5.73 $3.98 $4.34 $3.74 6.61 3.50 5.33

S&P 600 588.91 $3.12 $1.61 $0.25 -$11.31 -$1.92 $0.69 $1.45 $2.04 $3.00 $3.29 $4.07 $3.62 $4.10 $4.61 $3.59 $3.38 $4.73 $3.72 4.58 3.30 4.68S&P 600 Consumer Discretionary 389.07 $0.86 -$3.30 -$5.08 -$15.62 -$0.95 -$0.85 $1.80 $1.38 $2.21 $2.01 $2.96 $1.40 $2.42 $2.68 $3.45 $2.50 $3.21 $3.01 4.53 -0.17 3.52S&P 600 Consumer Staples 1129.94 $2.54 $1.69 -$7.49 $3.00 $3.17 $6.25 $5.09 -$8.88 $3.41 $6.20 $6.46 $5.79 $5.91 $9.51 $9.05 $9.33 $11.41 $9.21 11.10 9.78 12.77S&P 600 Energy 1505.93 $15.83 $20.05 $32.11 -$70.70 -$9.48 $2.26 $4.69 -$1.44 $8.93 $11.55 $15.00 $6.40 $11.84 $20.34 $15.72 $8.33 $10.95 $1.90 3.97 -4.48 7.90S&P 600 Financials 667.90 $1.87 $0.26 -$6.49 -$16.74 -$6.92 -$1.54 -$7.26 $0.53 $1.49 $0.83 $2.30 $1.43 $3.35 $3.18 $4.63 $5.27 $5.95 $5.17 6.94 7.53 7.43S&P 600 Health Care 1101.14 $4.39 $3.57 $5.03 $2.65 $3.03 $5.78 $5.87 $5.75 $5.60 $7.20 $5.73 $8.32 $5.35 $6.25 -$5.45 $2.98 $6.92 $8.05 7.55 7.49 0.83S&P 600 Industrials 635.62 $5.71 $7.73 $7.10 -$5.25 -$0.42 $3.25 $3.76 $2.43 $2.41 $4.00 $4.62 $3.88 $5.62 $6.69 $6.24 $4.84 $6.19 $6.64 2.95 7.54 6.72S&P 600 Information Technology 336.96 $1.18 $0.32 $0.28 -$6.23 -$2.64 -$0.92 $0.99 $1.53 $1.82 $2.26 $3.21 $3.08 $2.27 $2.78 $1.86 $0.82 $1.14 $1.54 1.87 -0.06 1.61S&P 600 Materials 376.94 -$0.50 $0.66 $0.97 -$17.01 -$5.77 $1.91 $4.89 $2.91 $2.53 $4.04 $2.73 $3.63 $2.39 $4.74 $3.05 $0.01 $2.92 -$3.02 3.08 -0.17 1.25S&P 600 Telecommunication Services 2.35 $0.05 $0.20 -$0.19 -$0.60 -$0.02 -$0.02 $0.03 $0.01 $0.03 $0.04 $0.05 $0.05 $0.06 $0.03 $0.04 -$0.05 $0.03 $0.03 0.03 -0.08 -0.01S&P 600 Utilities 567.11 $10.19 $2.22 $3.67 $8.10 $10.12 $2.29 $2.02 $9.61 $10.99 $3.10 $4.08 $8.21 $12.20 $4.29 $3.10 $9.84 $11.56 $3.12 3.59 10.71 11.84

S&P Composite 1500 392.13 $3.47 $2.84 $2.15 -$5.51 $1.40 $2.92 $3.24 $3.36 $3.86 $4.33 $4.37 $4.56 $4.73 $4.96 $4.97 $4.57 $5.11 $4.82 4.77 4.56 5.38S&P Composite 1500 Consumer Discretionary 448.38 $1.73 -$2.67 -$1.53 -$10.30 $0.44 $2.54 $2.85 $3.49 $3.46 $3.94 $3.69 $4.05 $3.94 $4.51 $4.34 $7.26 $4.39 $4.40 5.18 5.54 5.14S&P Composite 1500 Consumer Staples 449.36 $3.79 $3.60 $4.50 $2.61 $3.56 $4.41 $4.57 $4.35 $4.10 $4.79 $4.66 $6.13 $4.88 $5.26 $5.04 $4.48 $4.82 $5.36 5.43 6.16 5.24S&P Composite 1500 Energy 639.98 $12.47 $13.61 $20.84 -$12.75 -$1.30 $4.25 $6.13 $6.24 $8.64 $10.04 $8.84 $9.28 $11.02 $13.05 $12.39 $9.98 $12.07 $13.25 9.88 9.51 11.03S&P Composite 1500 Financials 302.62 -$0.48 -$2.36 -$10.08 -$22.96 -$0.23 $2.00 $1.10 -$0.04 $3.49 $3.47 $2.54 $3.56 $3.63 $2.69 $4.37 $3.85 $4.16 $4.30 4.01 4.00 4.95S&P Composite 1500 Health Care 608.94 $5.35 $5.55 $4.96 $2.36 $4.89 $5.84 $6.42 $6.61 $5.23 $5.93 $5.38 $5.13 $6.28 $6.93 $6.13 $5.29 $6.95 $5.53 6.65 5.60 6.79S&P Composite 1500 Industrials 418.36 $4.90 $5.60 $4.93 $1.23 $1.96 $3.22 $2.94 $3.84 $3.29 $4.54 $4.66 $4.57 $4.68 $5.48 $5.12 $5.00 $5.49 $6.11 5.20 3.90 5.59S&P Composite 1500 Information Technology 534.37 $4.14 $4.53 $3.72 -$1.95 $1.11 $2.85 $4.19 $6.17 $5.36 $5.66 $6.71 $7.82 $6.94 $7.32 $6.21 $8.07 $7.56 $4.52 5.91 8.83 7.64S&P Composite 1500 Materials 273.28 $4.06 $4.38 $3.15 -$10.29 $0.62 $1.44 $2.62 $1.65 $2.63 $3.49 $4.07 $2.93 $4.59 $4.99 $3.56 $1.22 $3.85 $3.88 2.21 1.42 4.09S&P Composite 1500 Telecommunication Services 157.12 $1.89 $2.21 $1.93 $0.90 $1.78 $1.79 $1.60 $0.66 $0.93 $1.42 $4.24 $1.10 $1.78 $1.71 $1.79 -$3.35 $1.73 $1.72 1.85 -3.36 2.00S&P Composite 1500 Utilities 227.61 $3.71 $2.73 $3.97 $1.93 $2.65 $2.49 $3.63 $4.22 $3.53 $2.91 $3.44 $2.33 $3.28 $3.25 $4.03 $1.84 $2.73 $2.68 3.14 1.97 2.50

Notes:Actual As Reported Diluted earnings, sometimes called Generally Accepted Accounting Principal (GAAP) earnings, is income from continuing operations. It excludes bothdiscontinued and extraordinary income. Both of these terms are defined by Financial Standards Accounting Board (FASB) under GAAP. As Reported earnings represent thelongest monitored earnings series available today.Actual Operating Basic earnings then excludes 'unusual' items from that value. Operating income is not defined under GAAP by FASB. This permits individual companies tointerpret what is and what is not 'unusual'. The result is a varied interpretation of items and charges, where the same specific type of charge may be included in Operating earningsfor one company and omitted from another. S&P reviews all earnings to insure compatibility across company and industry groups.

The bottom-up earnings estimates are based on the Capital IQ consensus forecast.The current As Reported reporting quarter consists of actually-reported earnings extrapolated if at least 70% of the market value has reported.The current Operating reporting quarter consists of actually-reported earnings and Capital IQ consensus estimates.Historical annual P/Es are based on the year-end price.Estimated P/Es are based on the current price.

2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2008 EPS 2008 P/E 2009 EPS 2009 P/E 2010 EPS 2010 P/E 2011 EPS 2011 P/E 2012 EPS 2012 P/E 2013 EPS 2013 P/E 2014 EPS 2014 P/E PRICE 12/12 PRICE 12/11 PRICE 12/10

$26.43 $27.17 $29.13 $28.76 $30.10 $30.84 $32.68 $49.51 18.24 $56.86 19.61 $83.77 15.01 $96.44 13.04 $96.82 14.73 $108.51 15.58 $122.37 13.82 1426.19 1257.60 1257.64$6.34 $6.31 $7.01 $6.39 $7.22 $7.44 $8.32 $5.28 32.08 $10.96 21.45 $18.20 16.24 $20.81 14.83 $22.27 16.89 $25.21 18.80 $29.37 16.14 376.06 308.58 295.54$5.79 $6.08 $6.49 $5.86 $6.48 $6.73 $7.11 $17.17 14.37 $18.36 14.94 $19.45 15.61 $21.38 15.69 $22.59 15.97 $23.78 17.99 $26.18 16.34 360.78 335.54 303.58

$11.48 $11.62 $11.98 $12.23 $12.67 $13.14 $13.03 $50.93 7.59 $17.26 24.91 $35.21 14.39 $47.94 10.86 $44.30 12.03 $46.27 13.06 $51.07 11.83 532.96 520.81 506.75$5.45 $4.85 $5.15 $5.35 $5.53 $5.56 $5.84 -$21.24 -7.95 $4.40 44.04 $14.82 14.49 $16.23 10.79 $16.44 13.46 $20.67 13.31 $22.27 12.36 221.24 175.23 214.77$8.18 $8.95 $8.89 $9.35 $9.69 $9.89 $10.05 $24.47 12.64 $26.40 13.72 $28.90 12.62 $31.08 12.93 $31.53 14.68 $34.16 17.30 $38.99 15.16 462.95 401.90 364.78$6.18 $6.18 $6.57 $6.11 $6.92 $7.02 $7.38 $21.18 9.78 $14.22 17.09 $18.41 16.36 $20.96 13.95 $22.28 14.76 $24.43 16.09 $27.42 14.33 328.75 292.32 301.12$7.68 $8.44 $10.88 $9.49 $9.51 $9.65 $11.93 $16.12 14.38 $17.48 21.21 $26.25 15.41 $31.44 13.04 $32.69 14.19 $35.21 14.61 $40.58 12.67 463.82 409.93 404.55$3.15 $3.18 $3.50 $5.16 $5.16 $4.11 $4.24 $8.09 17.01 $7.09 28.18 $13.33 17.97 $16.20 13.07 $14.67 16.20 $14.30 17.85 $18.67 13.68 237.62 211.71 239.61$2.16 $2.59 $2.07 $2.74 $2.82 $2.81 $2.39 $8.21 13.61 $7.22 15.88 $7.36 17.50 $6.85 18.95 $3.38 43.26 $8.91 17.73 $10.75 14.71 146.04 129.82 128.74$2.84 $4.08 $2.51 $3.21 $2.81 $4.26 $2.59 $12.25 12.08 $11.50 13.74 $12.34 12.92 $12.47 14.67 $11.97 14.85 $11.98 16.62 $12.87 15.46 177.66 182.98 159.34

$15.22 $16.48 $17.53 $16.10 $18.25 $19.13 $20.28 $30.05 17.91 $27.59 26.34 $43.92 20.66 $50.31 17.48 $54.54 18.71 $62.51 19.69 $73.77 16.69 1020.43 879.16 907.25$6.57 $6.66 $9.68 $6.68 $8.04 $8.17 $10.87 $6.39 28.11 $12.14 22.69 $18.02 20.02 $19.73 18.51 $24.40 18.20 $28.47 19.42 $33.75 16.38 443.95 365.27 360.79

$12.96 $13.88 $16.49 $16.90 $15.16 $15.96 $20.02 $28.68 14.56 $31.18 15.90 $39.30 15.77 $46.09 16.31 $51.35 16.80 $53.17 21.68 $68.05 16.94 862.71 751.72 619.59$11.88 $10.26 $10.61 $10.69 $12.30 $13.54 $13.69 $16.97 21.31 -$5.20 -116.31 $31.34 25.11 $46.71 15.10 $30.47 22.82 $41.29 19.18 $50.21 15.77 695.36 705.18 786.99$7.13 $6.82 $7.53 $7.08 $7.82 $7.77 $8.42 $6.10 64.11 $12.87 32.84 $18.94 25.85 $20.37 22.11 $27.62 18.62 $29.00 20.82 $31.09 19.42 514.14 450.51 489.73$8.59 $9.81 $10.57 $9.71 $10.30 $10.43 $11.34 $19.48 15.13 $15.76 25.18 $20.63 23.58 $28.52 17.17 $29.14 21.23 $36.20 22.64 $41.79 19.62 618.7 489.76 486.42$9.69 $9.74 $9.28 $8.61 $10.92 $11.39 $10.84 $21.40 11.35 $15.18 20.79 $21.73 18.83 $27.17 14.74 $31.05 15.54 $35.93 16.63 $41.76 14.30 482.54 400.42 409.05

$12.24 $16.17 $19.80 $17.03 $19.13 $20.09 $23.11 $26.66 19.81 $25.85 32.32 $52.03 21.24 $53.98 18.06 $47.43 23.59 $58.03 22.04 $79.36 16.11 1119.05 974.98 1105.38$5.14 $5.18 $4.60 $5.20 $6.39 $6.51 $5.61 $15.17 8.44 $9.32 20.91 $14.19 17.28 $15.80 15.39 $16.26 17.94 $19.07 16.88 $23.71 13.58 291.69 243.20 245.23$0.31 $0.31 -$0.84 $0.61 $0.93 $1.21 $0.25 $16.22 8.83 $10.09 16.02 $12.23 14.99 $7.23 22.72 $5.51 34.06 $0.36 642.62 $3.00 76.74 187.72 164.14 183.36$3.78 $8.00 $4.02 $5.57 $15.35 13.67 $15.57 15.62 $17.74 15.07 $17.22 17.48 $19.72 15.52 $21.14 18.22 306.13 300.99 267.44

$6.52 $7.39 $7.93 $8.24 $8.53 $9.02 $9.51 $10.22 26.29 $7.62 43.65 $17.00 24.46 $20.59 20.16 $21.62 22.04 $27.65 21.30 $35.30 16.68 476.57 415.07 415.73$4.92 $5.43 $4.78 $5.30 $5.70 $6.32 $6.23 $2.11 59.30 $5.17 36.47 $10.19 24.96 $13.11 18.81 $14.16 21.43 $19.28 20.18 $23.55 16.52 303.55 246.53 254.46

$15.05 $14.91 $14.26 $14.37 $16.81 $16.67 $23.24 17.69 $28.07 20.20 $34.77 20.39 $36.66 20.78 $46.88 18.26 $57.03 19.81 855.92 761.75 708.94$15.79 $16.70 $20.03 $19.99 $22.07 $25.44 $27.56 $34.67 14.68 $7.08 116.43 $46.51 25.58 $61.15 19.90 $15.63 77.62 $61.18 24.61 $95.06 15.84 1213.24 1216.75 1189.83$8.74 $8.52 $9.07 $9.65 $9.82 $10.27 $10.80 -$6.15 -74.11 -$11.07 -37.75 $9.71 50.98 $19.48 25.17 $27.83 20.10 $34.47 19.37 $40.55 16.47 559.32 490.30 494.86$9.77 $11.30 $12.38 $11.91 $13.72 $14.66 $16.11 $21.75 19.87 $24.93 21.19 $31.70 20.36 $37.43 19.57 $38.37 21.58 $41.42 26.58 $56.41 19.52 828.04 732.64 645.65$8.27 $8.79 $8.89 $8.91 $10.42 $10.37 $10.26 $26.10 12.39 $16.46 22.63 $20.97 22.36 $26.17 16.86 $29.67 17.86 $33.20 19.15 $39.96 15.91 529.85 441.05 468.88$2.54 $4.31 $4.97 $4.42 $4.84 $5.26 $5.66 $4.43 30.94 $2.79 72.61 $11.66 21.61 $10.39 23.20 $8.57 31.36 $13.79 24.44 $20.18 16.70 268.88 241.05 251.93$3.66 $4.55 $4.79 $5.31 $6.62 $6.69 $6.24 $5.23 32.10 $9.82 25.01 $12.94 22.23 $15.73 16.62 $14.37 22.56 $16.17 23.31 $24.85 15.17 324.22 261.44 287.69$0.02 $0.02 $0.01 $0.13 $0.46 10.58 $0.11 24.85 $0.14 20.63 $0.15 15.73 $0.09 26.48 $0.07 31.74 2.42 2.35 2.79$5.04 $4.50 $10.91 $14.30 $3.65 $3.98 $10.31 $24.45 15.39 $23.26 16.46 $27.65 15.74 $30.26 16.52 $29.07 16.70 $32.36 17.52 $32.24 17.59 485.39 500.03 435.24

$5.96 $6.17 $6.61 $6.50 $6.84 $7.03 $7.45 $11.12 18.43 $12.47 20.43 $18.64 15.61 $21.50 13.50 $21.73 15.18 $24.48 16.02 $27.82 14.09 329.78 290.12 254.79$5.92 $5.93 $6.69 $5.99 $6.79 $7.01 $7.93 $4.87 32.30 $10.06 22.06 $16.65 16.90 $19.08 15.30 $20.71 17.18 $23.71 18.91 $27.72 16.18 355.82 291.90 221.96$6.04 $6.34 $6.78 $6.17 $6.77 $7.04 $7.46 $17.63 14.41 $18.89 15.02 $20.16 15.65 $22.19 15.77 $23.53 16.03 $24.80 18.12 $27.44 16.38 377.01 349.81 283.70

$11.96 $12.05 $12.44 $12.69 $13.20 $13.74 $13.65 $50.80 7.86 $16.77 27.12 $36.48 14.82 $49.85 11.07 $45.25 12.46 $47.91 13.36 $53.28 12.01 563.64 551.87 454.73$5.64 $5.06 $5.40 $5.57 $5.78 $5.81 $6.12 -$19.61 -9.59 $4.51 47.00 $15.09 15.69 $16.69 11.83 $17.41 14.09 $21.53 14.06 $23.28 13.00 245.32 197.47 211.96$8.21 $9.01 $9.01 $9.39 $9.77 $9.98 $10.20 $23.65 12.96 $25.23 14.37 $27.92 13.40 $30.68 13.37 $31.31 15.18 $34.28 17.77 $39.34 15.48 475.27 410.14 362.62$6.55 $6.57 $6.88 $6.41 $7.38 $7.50 $7.77 $21.26 10.05 $14.30 17.69 $18.69 16.87 $21.62 14.15 $23.24 14.99 $25.69 16.29 $29.07 14.39 348.35 306.03 252.97$7.63 $8.55 $10.96 $9.56 $9.66 $9.85 $12.09 $15.95 14.95 $17.09 22.24 $26.54 15.92 $31.32 13.51 $32.18 14.88 $35.15 15.20 $41.17 12.98 478.87 423.04 380.15$3.48 $3.55 $3.75 $5.25 $5.47 $4.59 $4.57 $9.33 14.93 $7.67 26.59 $13.65 18.02 $16.36 13.52 $15.09 16.71 $15.23 17.95 $19.88 13.75 252.11 221.24 203.97$2.11 $2.52 $2.00 $2.71 $2.75 $2.75 $2.33 $8.26 13.49 $7.17 15.93 $7.35 17.44 $6.80 18.97 $3.38 42.89 $8.68 18.10 $10.54 14.91 144.98 128.91 114.23$3.07 $4.56 $2.88 $3.71 $3.07 $4.68 $2.97 $13.01 12.46 $12.42 14.05 $13.49 13.26 $13.62 15.05 $13.35 14.99 $13.53 16.83 $14.43 15.77 200.04 204.99 174.50

2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2008 EPS 2008 P/E 2009 EPS 2009 P/E 2010 EPS 2010 P/E 2011 EPS 2011 P/E 2012 EPS 2012 P/E 2013 EPS 2013 P/E 2014 EPS 2014 P/E PRICE 12/12 PRICE 12/11 PRICE 12/1025.08 $14.88 60.70 $50.97 21.88 $77.35 16.26 $86.95 14.46 $86.51 16.49 1426.19 1257.60 1257.646.01 -$13.71 -12.36 $10.49 22.41 $16.67 17.73 $22.36 13.80 $21.22 17.72 376.06 308.58 295.545.54 $14.24 17.32 $16.55 16.57 $19.09 15.90 $19.02 17.64 $20.94 17.23 360.78 335.54 303.58

11.71 $35.15 10.99 $16.01 26.86 $35.54 14.26 $44.79 11.63 $44.48 11.98 532.96 520.81 506.755.28 -$37.96 -4.45 $2.61 74.24 $12.77 16.82 $14.08 12.45 $15.56 14.22 221.24 175.23 214.776.89 $19.09 16.21 $25.61 14.14 $22.46 16.24 $25.31 15.88 $25.09 18.45 462.95 401.90 364.785.57 $17.62 11.76 $12.55 19.36 $17.09 17.62 $20.17 14.49 $20.47 16.06 328.75 292.32 301.127.28 $12.82 18.08 $15.07 24.60 $25.56 15.83 $29.06 14.11 $27.24 17.02 463.82 409.93 404.553.51 $0.58 237.22 $5.88 33.98 $12.75 18.79 $14.55 14.55 $11.18 21.25 237.62 211.71 239.611.86 $7.01 15.93 $5.85 19.60 $7.72 16.67 $1.86 69.85 $1.94 75.39 146.04 129.82 128.741.99 $11.61 12.74 $12.36 12.78 $11.04 14.43 $11.15 16.41 $9.12 19.47 177.66 182.98 159.34

$4.67 115.26 $20.54 35.38 $39.14 23.18 $42.44 20.72 $45.69 22.33 1020.43 879.16 907.25-$6.33 -28.38 $10.96 25.13 $15.77 22.88 $17.47 20.91 $22.08 20.10 443.95 365.27 360.79$26.43 15.80 $26.87 18.45 $37.08 16.71 $34.99 21.49 $45.42 18.99 862.71 751.72 619.59-$2.27 -159.31 -$8.29 -72.96 $32.62 24.13 $40.45 17.43 $11.88 58.54 695.36 705.18 786.99-$0.99 -394.99 $14.14 29.89 $18.55 26.40 $19.28 23.37 $26.11 19.69 514.14 450.51 489.73$12.08 24.40 $6.21 63.90 $14.56 33.41 $24.58 19.92 $19.98 30.96 618.7 489.76 486.42$8.96 27.11 $8.14 38.77 $18.86 21.69 $20.91 19.15 $23.08 20.91 482.54 400.42 409.05

-$35.08 -15.05 $16.09 51.92 $43.03 25.69 $39.44 24.72 $44.98 24.88 1119.05 974.98 1105.38$7.97 16.07 $8.52 22.87 $13.83 17.73 $12.90 18.86 $14.10 20.69 291.69 243.20 245.23

$6.29 22.76 $9.85 16.41 $10.28 17.83 $7.11 23.09 $4.67 40.18 187.72 164.14 183.36$14.44 14.53 $13.25 18.36 $17.13 15.61 $17.74 16.97 $18.19 16.83 306.13 300.99 267.44

-$6.33 -42.45 $2.26 147.18 $13.98 29.73 $15.68 26.47 $16.32 29.19 476.57 415.07 415.73-$23.14 -5.41 $1.38 136.63 $8.59 29.62 $11.04 22.32 $10.59 28.67 303.55 246.53 254.46-$0.26 -1581.48 $5.63 100.71 $21.86 32.43 $33.81 22.53 $41.50 20.62 855.92 761.75 708.94-$2.71 -187.82 -$3.97 -207.64 $41.88 28.41 $56.23 21.64 $12.34 98.32 1213.24 1216.75 1189.83

-$21.10 -21.60 -$15.19 -27.51 $6.05 81.73 $16.43 29.84 $25.58 21.86 559.32 490.30 494.86$15.64 27.64 $20.43 25.86 $26.84 24.05 $9.13 80.26 $30.00 27.60 828.04 732.64 645.65$15.29 21.14 $9.02 41.30 $14.91 31.45 $23.39 18.86 $23.32 22.72 529.85 441.05 468.88-$4.45 -30.81 -$1.04 -194.79 $10.37 24.29 $7.74 31.16 $4.48 60.02 268.88 241.05 251.93

-$15.88 -10.57 $3.94 62.33 $12.93 22.25 $10.19 25.66 $2.81 115.32 324.22 261.44 287.69-$0.54 -9.02 $0.00 2.73 $0.17 16.70 $0.09 25.14 $0.01 220.98 2.42 2.35 2.79$24.18 15.56 $24.04 15.93 $26.38 16.50 $29.43 16.99 $28.97 16.75 485.39 500.03 435.24

$2.95 69.47 $10.92 23.33 $17.12 16.99 $19.23 15.08 $19.27 17.12 329.78 290.12 290.89-$12.77 -12.32 $9.32 23.82 $15.14 18.59 $20.04 14.56 $19.51 18.24 355.82 291.90 281.44$14.50 17.52 $16.89 16.80 $19.69 16.03 $19.65 17.80 $21.77 17.32 377.01 349.81 315.60$34.17 11.68 $15.32 29.68 $36.80 14.69 $46.45 11.88 $44.71 12.61 563.64 551.87 540.65

-$35.88 -5.24 $2.83 74.90 $13.07 18.12 $14.54 13.58 $16.46 14.90 245.32 197.47 236.72$18.22 16.82 $23.76 15.26 $21.67 17.27 $24.63 16.65 $24.74 19.21 475.27 410.14 374.18$16.66 12.83 $11.96 21.15 $17.07 18.48 $20.28 15.09 $20.70 16.83 348.35 306.03 315.41$10.44 22.85 $14.32 26.55 $25.55 16.54 $28.54 14.82 $26.82 17.85 478.87 423.04 422.47$1.30 107.17 $6.33 32.22 $13.12 18.75 $14.36 15.41 $11.36 22.19 252.11 221.24 246.06$6.93 16.08 $5.83 19.59 $7.69 16.68 $1.92 67.02 $1.94 74.71 144.98 128.91 128.24

$12.34 13.13 $12.99 13.43 $12.21 14.65 $12.41 16.52 $10.52 19.01 200.04 204.99 178.90

PRICE 12/09 PRICE 12/08 INDEX NAMEOperating Earnings Per Share by Economic Sector

1115.10 903.25 S&P 500235.07 169.41 S&P 500 Consumer Discretionary274.30 246.66 S&P 500 Consumer Staples429.95 386.35 S&P 500 Energy193.78 168.79 S&P 500 Financials362.22 309.41 S&P 500 Health Care242.99 207.21 S&P 500 Industrials370.71 231.81 S&P 500 Information Technology199.81 137.59 S&P 500 Materials114.64 111.70 S&P 500 Telecommunication Services157.99 147.93 S&P 500 Utilities


332.63 268.73 S&P 600188.55 125.12 S&P 600 Consumer Discretionary566.97 411.19 S&P 600 Consumer Staples824.31 509.00 S&P 600 Energy417.94 455.79 S&P 600 Financials528.23 432.22 S&P 600 Health Care372.57 323.26 S&P 600 Industrials202.58 137.09 S&P 600 Information Technology245.57 167.89 S&P 600 Materials

2.73 4.87 S&P 600 Telecommunication Services382.95 376.26 S&P 600 Utilities

254.79 204.93 S&P Composite 1500221.96 157.30 S&P Composite 1500 Consumer Discretionary283.70 253.99 S&P Composite 1500 Consumer Staples454.73 399.12 S&P Composite 1500 Energy211.96 188.00 S&P Composite 1500 Financials362.62 306.44 S&P Composite 1500 Health Care252.97 213.73 S&P Composite 1500 Industrials380.15 238.53 S&P Composite 1500 Information Technology203.97 139.32 S&P Composite 1500 Materials114.23 111.41 S&P Composite 1500 Telecommunication Services174.50 162.06 S&P Composite 1500 Utilities

As Reported Earnings Per Share by Economic SectorPRICE 12/09 PRICE 12/08 INDEX NAME






254.79 204.93 S&P Composite 1500221.96 157.30 S&P Composite 1500 Consumer Discretionary283.70 253.99 S&P Composite 1500 Consumer Staples454.73 399.12 S&P Composite 1500 Energy211.96 188.00 S&P Composite 1500 Financials362.62 306.44 S&P Composite 1500 Health Care252.97 213.73 S&P Composite 1500 Industrials380.15 238.53 S&P Composite 1500 Information Technology203.97 139.32 S&P Composite 1500 Materials114.23 111.41 S&P Composite 1500 Telecommunication Services174.50 162.06 S&P Composite 1500 Utilities

S&P Dow Jones IndicesS&P 500 QUARTERLY DATA

OPERATING AS REPORTED CASH SALES BOOK VALQUARTER EARNINGS EARNINGS DIVIDENDS PER PEREND PER SHR PER SHR PER SHR SHARE SHARE PRICE DIVISOR6/28/2013 $8.61 1,606.28 8908.773/28/2013 $25.77 $24.22 $7.95 $270.77 $679.09 1,569.19 8908.3312/31/2012 $23.15 $20.65 $8.93 $288.03 $666.97 1,426.19 8934.619/28/2012 $24.00 $21.21 $7.77 $268.99 $661.93 1,440.67 8940.966/29/2012 $25.43 $21.62 $7.45 $268.03 $639.45 1,362.16 9032.073/30/2012 $24.24 $23.03 $7.09 $267.33 $633.04 1,408.47 9038.3712/30/2011 $23.73 $20.64 $7.28 $272.64 $613.14 1,257.60 9052.9309/30/2011 $25.29 $22.63 $6.50 $265.99 $613.18 1,131.42 9106.3806/30/2011 $24.86 $22.24 $6.48 $263.31 $613.08 1,320.64 9102.5303/31/2011 $22.56 $21.44 $6.16 $250.89 $594.05 1,325.83 9102.0512/31/2010 $21.93 $20.67 $6.03 $252.73 $579.14 1,257.64 9088.3509/30/2010 $21.56 $19.52 $5.66 $240.84 $567.95 1,141.20 9057.3806/30/2010 $20.90 $19.68 $5.58 $236.75 $541.60 1,030.71 9044.8103/31/2010 $19.38 $17.48 $5.46 $232.38 $530.95 1,169.43 9030.0312/31/2009 $17.16 $15.18 $5.66 $236.02 $513.58 1,115.10 8902.8309/30/2009 $15.78 $14.76 $5.35 $227.34 $498.43 1,057.08 8832.3706/30/2009 $13.81 $13.51 $5.44 $223.24 $487.69 919.32 8750.8303/30/2009 $10.11 $7.52 $5.96 $221.80 $449.43 797.87 8682.6412/31/2008 -$0.09 -$23.25 $7.15 $230.21 $451.37 903.25 8692.8509/30/2008 $15.96 $9.73 $7.04 $268.00 $514.60 1,166.36 8729.2506/30/2008 $17.02 $12.86 $7.10 $278.53 $530.70 1,280.00 8720.7503/31/2008 $16.62 $15.54 $7.09 $265.72 $530.94 1,322.70 8702.3912/31/2007 $15.22 $7.82 $7.62 $268.16 $529.59 1,468.36 8763.4409/30/2007 $20.87 $15.15 $6.90 $258.81 $524.00 1,526.75 8822.5006/30/2007 $24.06 $21.88 $6.69 $255.63 $516.91 1,503.35 8879.9903/31/2007 $22.39 $21.33 $6.52 $242.48 $508.99 1,420.86 8942.6712/31/2006 $21.99 $20.24 $6.87 $248.20 $504.39 1,418.30 8974.7309/30/2006 $23.03 $21.47 $6.09 $239.80 $491.96 1,335.85 8997.9306/30/2006 $21.95 $20.11 $6.02 $234.71 $474.91 1,270.20 9051.2003/31/2006 $20.75 $19.69 $5.91 $229.80 $468.63 1,294.83 9004.8012/31/2005 $20.19 $17.30 $6.08 $232.52 $453.06 1,248.29 9015.9609/30/2005 $18.84 $17.39 $5.43 $220.90 $441.77 1,228.81 9018.96 (full float adjusted)06/30/2005 $19.42 $18.29 $5.36 $214.80 $436.90 1,191.33 9141.0503/31/2005 $18.00 $16.85 $5.34 $206.10 $426.79 1,180.59 9164.75 (half float adjusted)12/31/2004 $17.95 $13.94 $5.33 $210.14 $414.75 1,211.92 9314.6509/30/2004 $16.88 $14.18 $4.88 $197.06 $402.52 1,114.58 9328.9006/30/2004 $16.98 $15.25 $4.66 $193.64 $386.23 1,140.84 9311.9303/31/2004 $15.87 $15.18 $4.56 $187.33 $376.47 1,126.21 9288.9612/31/2003 $14.88 $13.16 $5.06 $178.85 $367.17 1,111.92 9250.51

09/30/2003 $14.41 $12.56 $4.32 $179.60 $351.89 995.97 9244.9506/30/2003 $12.92 $11.10 $4.09 $181.15 $346.32 974.50 9236.5403/31/2003 $12.48 $11.92 $3.92 $171.21 $328.72 848.18 9227.6412/31/2002 $11.94 $3.00 $4.26 $165.94 $321.72 879.82 9214.8509/30/2002 $11.61 $8.53 $3.90 $166.12 $334.92 815.28 9221.8306/30/2002 $11.64 $6.87 $4.15 $175.33 $329.52 989.81 9184.1203/31/2002 $10.85 $9.19 $3.77 $167.20 $332.74 1,147.39 9152.8512/31/2001 $9.94 $5.45 $3.98 $189.10 $338.37 1,148.08 9113.8209/30/2001 $9.16 $5.23 $4.14 $178.68 $339.40 1,040.94 9065.5806/30/2001 $9.02 $4.83 $3.84 $183.03 $345.87 1,224.38 9006.4303/31/2001 $10.73 $9.18 $3.78 $186.07 $347.25 1,160.33 8949.7612/31/2000 $13.11 $9.07 $3.98 $191.03 $325.80 1,320.28 8872.7809/30/2000 $14.17 $13.71 $4.09 $188.10 $319.60 1,436.51 8770.4006/30/2000 $14.88 $13.48 $4.12 $186.07 $312.94 1,454.60 8582.7103/31/2000 $13.97 $13.74 $4.08 $180.50 $295.94 1,498.58 8465.4612/31/1999 $13.77 $12.77 $4.05 $290.68 1,469.25 8381.8209/30/1999 $12.97 $11.93 $4.45 1,282.71 8227.7406/30/1999 $13.21 $12.51 $4.18 1,372.71 8182.0003/31/1999 $11.73 $10.96 $4.01 1,286.37 8172.6812/31/1998 $11.47 $8.56 $4.00 1,229.23 8088.2909/30/1998 $10.45 $8.99 $4.26 1,017.01 7989.2406/30/1998 $11.43 $9.87 $4.18 1,133.84 7898.5003/31/1998 $10.92 $10.29 $3.76 1,101.75 7829.7112/31/1997 $11.29 $8.94 $3.95 970.43 7784.8809/30/1997 $11.03 $9.87 $4.06 947.28 7741.5406/30/1997 $11.13 $10.44 $3.87 885.14 7673.5703/31/1997 $10.56 $10.47 $3.61 757.12 7655.7912/31/1996 $11.01 $9.86 $3.79 740.74 7594.7909/30/1996 $9.92 $9.78 $3.89 687.33 7573.1206/30/1996 $10.31 $10.13 $3.77 670.63 7550.7203/31/1996 $9.39 $8.96 $3.45 645.50 7511.2112/31/1995 $9.78 $7.13 $3.55 615.93 7449.3809/30/1995 $9.78 $8.69 $3.50 584.41 7373.7506/30/1995 $9.50 $9.26 $3.60 544.75 7340.2603/31/1995 $8.64 $8.88 $3.14 500.71 7331.5112/31/1994 $8.80 $8.35 $3.34 459.27 7285.8209/30/1994 $8.03 $7.94 $3.29 462.71 7265.6906/30/1994 $7.75 $7.38 $3.41 444.27 7211.8703/31/1994 $7.17 $6.93 $3.14 445.77 7127.9812/31/1993 $7.16 $5.08 $3.09 466.45 7086.5309/30/1993 $6.92 $5.81 $3.20 458.93 7011.0606/30/1993 $6.57 $4.89 $3.28 450.53 6974.5503/31/1993 $6.25 $6.11 $3.01 451.67 6947.2412/31/1992 $5.61 $3.60 $3.03 435.71 6918.9909/30/1992 $5.12 $4.73 $3.20 417.80 6900.48

06/30/1992 $5.21 $5.40 $3.24 408.14 6867.0703/31/1992 $4.93 $5.36 $2.91 403.69 6833.9512/31/1991 $4.63 $2.55 $3.04 417.09 6770.2809/30/1991 $5.11 $3.74 $3.13 387.86 6723.0906/30/1991 $4.79 $4.54 $3.24 371.16 6685.1303/31/1991 $4.77 $5.14 $2.79 375.22 6666.6712/31/1990 $5.01 $4.40 $3.12 330.22 6647.0109/30/1990 $5.97 $5.33 $3.00 306.05 6653.1006/30/1990 $6.06 $6.07 $3.21 358.02 6656.0203/31/1990 $5.61 $5.54 $2.77 339.94 6669.8912/31/1989 $5.84 $4.80 $2.86 353.40 6697.8109/30/1989 $5.54 $4.85 $2.83 349.15 6684.3306/30/1989 $6.53 $6.48 $2.86 317.98 6723.4503/31/1989 $6.41 $6.74 $2.50 294.87 6731.8812/31/1988 $6.37 $5.62 $2.54 277.72 6829.5609/30/1988 $6.22 $6.38 $2.46 271.91 6930.8906/30/1988 $6.05 $6.22 $2.50 273.50 6956.7303/31/1988 $5.48 $5.53 $2.24 258.89 6977.40

S&P Dow Jones IndicesS&P 500 Q2 2013 EarningsAlertActual operating, as reported and sales are from S&P Capital IQ CompustatIssue level data includes restatements

SALES PRIOR YR OPERATING PRIORTICKER COMPANY $ MILLIONS $ MILLIONS PER SHARE YEAR MMM 3M Co $7,752.00 $7,534.00 $1.74 $1.69ABT Abbott Laboratories $5,446.02 $9,807.10 $0.31 $1.24ABBV AbbVie Inc $4,692.00 $4,492.80 $0.73 $0.85ACN Accenture Plc'A' $7,707.93 $7,640.79 $1.18 $1.07ACE ACE Limited $4,710.00 $3,935.00 $2.62 $0.97ACT Actavis Inc $1,989.80 $1,355.20 $0.86 $0.08ADBE Adobe Systems $1,010.55 $1,124.45 $0.18 $0.45ADT ADT Corp (The) $833.00 $814.00 $0.53 $0.44AMD Advanced Micro Dev $1,161.00 $1,413.00 -$0.09 $0.06AET Aetna Inc $11,529.60 $8,835.90 $1.64 $1.34AFL AFLAC Inc $6,044.00 $5,902.00 $1.91 $1.04GAS AGL Resources $904.00 $686.00 $0.37 $0.30APD Air Products & Chem $2,547.30 $2,340.10 $1.38 $1.43ARG Airgas Inc $1,279.89 $1,257.26 $1.16 $1.16AKAM Akamai Technologies $378.11 $331.31 $0.35 $0.25AA Alcoa Inc $5,849.00 $5,963.00 $0.05 $0.06ALXN Alexion Pharmaceuticals $370.09 $274.72 $0.49 $0.32ATI Allegheny Technologies $1,135.50 $1,357.40 $0.02 $0.53AGN Allergan, Inc $1,597.70 $1,450.10 $1.20 $1.02ALL Allstate Corp $8,787.00 $8,278.00 $1.62 $0.88ALTR Altera Corp $421.76 $464.83 $0.32 $0.51MO Altria Group $4,526.00 $4,587.00 $0.63 $0.58AMZN Amazon.com Inc $15,704.00 $12,834.00 -$0.02 $0.01AEP Amer Electric Pwr $3,582.00 $3,551.00 $0.90 $0.77AXP Amer Express $8,737.00 $8,515.00 $1.28 $1.16AIG Amer Intl Group $17,233.00 $17,123.00 $1.67 $1.33AMT Amer Tower $808.83 $697.73 $0.26 $0.12AEE Ameren Corp $1,403.00 $1,660.00 $0.44 $0.87AMP Ameriprise Financial $2,757.00 $2,524.00 $1.58 $1.27ABC AmerisourceBergen Corp $21,906.65 $19,653.43 $0.32 $0.70AMGN Amgen Inc $4,679.00 $4,477.00 $1.78 $1.73APH Amphenol Corp'A' $1,136.07 $1,061.11 $0.96 $0.87APC Anadarko Petroleum $3,440.00 $3,200.00 $2.02 -$0.89AON Aon PLC $2,897.00 $2,821.00 $0.87 $0.80APA Apache Corp $4,119.00 $3,956.00 $2.59 $0.89AIV Apartment Investment & Mg $262.42 $251.51 $0.02 -$0.24APOL Apollo Group'A' $946.77 $1,122.26 $1.06 $1.19AAPL Apple Inc $35,323.00 $35,023.00 $7.51 $9.42ADM Archer-Daniels-Midland $22,541.00 $22,675.00 $0.38 $0.43AIZ Assurant Inc $2,233.69 $2,091.49 $1.76 $1.71T AT&T Inc $32,075.00 $31,575.00 $0.71 $0.68ADP Automatic Data Proc $2,810.50 $2,636.60 $0.56 $0.53AN AutoNation Inc $4,426.50 $3,904.50 $0.80 $0.67AZO AutoZone Inc $2,205.88 $2,111.87 $7.39 $6.43AVB AvalonBay Communities $393.39 $260.88 $0.08 $0.63AVY Avery Dennison Corp $1,552.30 $1,532.30 $0.71 $0.56

AVP Avon Products $2,508.90 $2,591.70 $0.27 $0.20BHI Baker Hughes Inc $5,487.00 $5,326.00 $0.54 $1.00BLL Ball Corp $2,202.40 $2,296.30 $0.87 $0.91BAC Bank of America $26,003.00 $26,412.00 $0.36 $0.25BK Bank of New York Mellon $4,088.00 $3,758.00 $0.72 $0.58BCR Bard (C.R.) $759.90 $742.60 $1.42 $1.64BAX Baxter Intl $3,669.00 $3,572.00 $1.11 $1.13BBT BB&T Corp $2,689.00 $2,694.00 $0.80 $0.73BDX Becton, Dickinson $2,052.66 $1,980.53 $1.57 $1.54BBBY Bed Bath & Beyond $2,612.14 $2,218.29 $0.94 $0.90BMS Bemis Co $1,297.10 $1,312.70 $0.62 $0.55BRK.B Berkshire Hathaway'B' $44,625.00 $38,505.00 $1.84 $1.25BIIB Biogen Idec $1,723.47 $1,420.95 $2.04 $1.66BLK BlackRock Inc $2,482.00 $2,229.00 $4.46 $3.13BMC BMC Software $483.60 $504.40 $0.48 $0.38BA Boeing Co $21,815.00 $20,005.00 $1.43 $1.29BWA Borg Warner $1,893.90 $1,856.40 $1.52 $1.45BXP Boston Properties $565.58 $496.28 $0.39 $0.57BSX Boston Scientific $1,809.00 $1,828.00 $0.12 $0.11BMY Bristol-Myers Squibb $4,048.00 $4,443.00 $0.43 $0.48BRCM Broadcom Corp'A' $2,090.00 $1,971.00 -$0.43 $0.29CHRW C.H. Robinson Worldwide $3,288.26 $2,955.71 $0.72 $0.71CA CA Inc $1,128.00 $1,145.00 $0.91 $0.46CVC Cablevision Sys'A' $1,569.62 $1,697.29 $0.12 $0.24COG Cabot Oil & Gas $449.68 $265.66 $0.42 $0.22CAM Cameron Intl $2,287.40 $2,053.70 $0.69 $0.75COF Capital One Financial $6,095.00 $5,670.00 $2.15 $0.54CAH Cardinal Health $25,420.00 $26,764.50 $0.71 $0.62KMX CarMax Inc $3,444.58 $2,894.70 $0.65 $0.53CCL Carnival Corp $3,479.00 $3,538.00 $0.04 -$0.02CAT Caterpillar Inc $14,621.00 $17,374.00 $1.34 $2.64CBG CBRE Group'A' $1,742.01 $1,601.12 $0.28 $0.26CBS CBS Corp 'B' $3,699.00 $3,476.00 $0.78 $0.66CELG Celgene Corp $1,599.00 $1,366.76 $1.17 $0.90CNP CenterPoint Energy $1,894.00 $1,525.00 $0.31 $0.29CTL CenturyLink Inc $4,525.00 $4,612.00 $0.41 $0.36CERN Cerner Corp $707.56 $637.36 $0.33 $0.28CF CF Industries Hldgs $1,714.90 $1,735.60 $8.43 $9.58CHK Chesapeake Energy $4,674.00 $3,388.00 $0.78 $0.54CVX Chevron Corp $53,199.00 $57,851.00 $2.80 $3.68CMG Chipotle Mexican Grill $816.79 $690.93 $2.84 $2.58CB Chubb Corp $3,538.00 $3,413.00 $2.22 $1.49CI Cigna Corp $7,980.00 $7,457.00 $1.88 $1.33CINF Cincinnati Financial $1,104.00 $1,020.00 $0.67 $0.20CTAS Cintas Corp $1,129.09 $1,053.58 $0.69 $0.60C Citigroup Inc $24,637.00 $24,362.00 $1.34 $1.07CTXS Citrix Systems $730.38 $615.21 $0.34 $0.37CLF Cliffs Natural Resources $1,488.50 $1,579.30 $0.83 $1.79CLX Clorox Co $1,547.00 $1,541.00 $1.40 $1.35CME CME Group Inc $834.80 $802.00 $0.94 $0.94CMS CMS Energy $1,406.00 $1,333.00 $0.30 $0.41COH Coach Inc $1,222.69 $1,155.19 $0.90 $0.88KO Coca-Cola Co $12,749.00 $13,085.00 $0.64 $0.61

CCE Coca-Cola Enterprises $2,156.00 $2,208.00 $0.76 $0.72CTSH Cognizant Tech Solutions' $2,161.24 $1,795.22 $1.00 $0.83CL Colgate-Palmolive $4,346.00 $4,267.00 $0.71 $0.67CMCSA Comcast Cl'A' $16,270.00 $15,211.00 $0.66 $0.50CMA Comerica Inc $651.00 $681.00 $0.77 $0.76CSC Computer Sciences $3,260.00 $3,957.00 $0.95 $0.37CAG ConAgra Foods $4,593.50 $3,434.90 $0.56 -$0.18COP ConocoPhillips $13,350.00 $13,664.00 $1.48 $1.47CNX CONSOL Energy $1,154.34 $1,248.95 $0.03 $0.67ED Consolidated Edison $2,819.00 $2,771.00 $0.44 $0.73STZ Constellation Brands'A' $673.40 $634.80 $0.40 $0.41GLW Corning Inc $1,982.00 $1,908.00 $0.42 $0.31COST Costco Wholesale $24,083.00 $22,324.00 $1.05 $0.89COV Covidien Plc $2,578.00 $3,007.00 $1.01 $1.10CCI Crown Castle Intl $734.93 $585.51 $0.20 $0.43CSX CSX Corp $3,069.00 $3,012.00 $0.51 $0.48CMI Cummins Inc $4,531.00 $4,457.00 $2.17 $2.46CVS CVS Caremark Corp $31,248.00 $30,714.00 $0.91 $0.76DHI D.R.Horton $1,695.50 $1,152.20 $0.45 $0.22DHR Danaher Corp $4,737.50 $4,553.46 $0.89 $0.86DRI Darden Restaurants $2,298.90 $2,065.50 $1.04 $1.18DVA DaVita HealthCare Partner $2,871.67 $1,929.74 $1.88 $1.52DLPH Delphi Automotive PLC $4,240.00 $3,997.00 $1.24 $1.03DNR Denbury Resources $644.75 $597.44 $0.37 $0.57XRAY DENTSPLY Intl $761.01 $762.99 $0.62 $0.58DVN Devon Energy $3,091.00 $2,559.00 $1.71 $1.18DO Diamond Offshore Drilling $758.02 $738.19 $1.33 $1.45DTV DIRECTV $7,700.00 $7,224.00 $1.29 $1.15DFS Discover Financial Svcs $2,338.00 $2,188.76 $1.20 $1.01DISCA Discovery Communications' $1,467.00 $1,126.00 $0.85 $0.77DIS Disney (Walt) Co $11,578.00 $11,088.00 $1.04 $1.02D Dominion Resources $2,980.00 $3,053.00 $0.47 $0.48DOV Dover Corp $2,228.76 $2,038.29 $1.43 $1.15DOW Dow Chemical $14,577.00 $14,513.00 $0.63 $0.55DPS Dr. Pepper Snapple Group $1,611.00 $1,621.00 $0.83 $0.84DTE DTE Energy $2,225.00 $2,013.00 $0.62 $0.86DUK Duke Energy $5,868.00 $3,577.00 $0.95 $1.02DNB Dun & Bradstreet $386.40 $383.90 $1.55 $1.36DD duPont(E.I.)deNemours $9,906.00 $9,953.00 $1.18 $1.39ETFC E Trade Financial $499.23 $527.84 $0.23 $0.14EMN Eastman Chemical $2,440.00 $1,853.00 $1.83 $1.43ETN Eaton Corp Plc $5,602.00 $4,068.00 $1.10 $1.16EBAY eBay Inc $3,877.00 $3,398.00 $0.49 $0.48ECL Ecolab Inc $3,337.80 $2,958.70 $0.88 $0.73EIX Edison Intl $3,046.00 $2,875.00 $0.79 $0.40EW Edwards Lifesciences $517.20 $482.00 $0.84 $0.69EA Electronic Arts $949.00 $955.00 $0.79 $0.65EMC EMC Corp $5,613.62 $5,311.39 $0.33 $0.30EMR Emerson Electric $6,344.00 $6,484.00 $1.00 $1.09ESV ENSCO Plc Cl'A' $1,248.10 $1,071.10 $1.55 $1.45ETR Entergy Corp $2,738.21 $2,518.60 $1.01 $2.11EOG EOG Resources $3,804.96 $2,784.89 $2.44 $1.48EQT EQT Corp $520.09 $337.80 $0.59 $0.22

EFX Equifax Inc $586.90 $513.30 $0.75 $0.61EQR Equity Residential $634.15 $530.42 -$0.17 $0.09EXC Exelon Corp $6,141.00 $5,954.00 $0.67 $0.41EXPE Expedia Inc $1,205.02 $1,039.98 $0.55 $0.81EXPD Expeditors Intl,Wash $1,500.45 $1,504.95 $0.45 $0.40ESRX Express Scripts Holding $26,453.50 $27,533.10 $0.79 $0.52XOM Exxon Mobil $95,301.00 $104,718.00 $1.55 $2.29FFIV F5 Networks $370.30 $352.63 $0.87 $0.91FDO Family Dollar Stores $2,573.51 $2,359.96 $1.05 $1.07FAST Fastenal Co $847.60 $804.89 $0.41 $0.38FDX FedEx Corp $11,435.00 $11,008.00 $2.15 $2.01FIS Fidelity Natl Info Svcs $1,512.50 $1,457.20 $0.58 $0.53FITB Fifth Third Bancorp $2,044.00 $1,706.00 $0.69 $0.41FSLR First Solar $519.76 $957.33 $0.40 $1.68FE FirstEnergy Corp $3,519.00 $3,879.00 $0.55 $0.57FISV Fiserv Inc $1,198.00 $1,100.00 $1.23 $1.21FLIR FLIR Systems $389.33 $338.29 $0.35 $0.30FLS Flowserve Corp $1,239.53 $1,182.22 $0.85 $0.66FLR Fluor Corp $7,190.33 $7,128.25 $0.99 $0.96FMC FMC Corp $959.40 $905.20 $0.89 $0.86FTI FMC Technologies $1,707.90 $1,494.90 $0.48 $0.45F Ford Motor $38,095.00 $33,211.00 $0.47 $0.32FRX Forest Labs $828.77 $817.60 $0.19 $0.21FOSL Fossil Group $706.20 $636.11 $1.16 $0.94BEN Franklin Resources $2,089.30 $1,794.43 $0.87 $0.71FCX Freep't McMoRan Copper&Go $4,288.00 $4,475.00 $0.22 $0.75FTR Frontier Communications $1,190.53 $1,258.78 $0.06 $0.07GCI Gannett Co $1,302.70 $1,307.04 $0.59 $0.57GRMN Garmin Ltd $696.56 $718.15 $0.88 $0.93GM General Motors $39,075.00 $37,614.00 $0.99 $1.01GD Genl Dynamics $7,911.00 $7,922.00 $1.82 $1.79GE Genl Electric $35,019.00 $36,004.00 $0.36 $0.35GIS Genl Mills $4,410.70 $4,066.40 $0.57 $0.61GPC Genuine Parts $3,676.00 $3,337.84 $1.24 $1.08GNW Genworth Financial'A' $2,372.00 $2,364.00 $0.27 $0.07GILD Gilead Sciences $2,767.39 $2,405.19 $0.51 $0.47GS Goldman Sachs Group $10,449.00 $8,592.00 $3.92 $1.88GT Goodyear Tire & Rub $4,894.00 $5,150.00 $0.81 $0.64GOOG Google Inc'A' $14,105.00 $11,807.00 $7.90 $8.72GWW Grainger (W.W.) $2,381.56 $2,249.28 $3.08 $2.68HAL Halliburton Co $7,317.00 $7,234.00 $0.69 $0.81HOG Harley-Davidson $1,794.31 $1,729.66 $1.20 $1.10HAR Harman Intl $1,182.23 $1,090.77 $0.84 $0.68HRS Harris Corp $1,359.60 $1,436.20 $1.42 $1.42HIG Hartford Finl Svcs Gp $5,370.00 $4,493.00 -$0.12 $1.12HAS Hasbro Inc $766.34 $811.47 $0.29 $0.33HCP HCP Inc $531.87 $476.15 $0.47 $0.46HCN Health Care REIT $676.66 $449.74 $0.08 $0.07HP Helmerich & Payne $840.20 $819.78 $2.35 $1.40HSY Hershey Co $1,508.51 $1,414.44 $0.73 $0.67HES Hess Corp $3,011.00 $9,304.00 $4.13 $1.62HON Honeywell Intl $9,693.00 $9,435.00 $1.44 $1.27HSP Hospira Inc $1,026.20 $1,033.30 $0.43 $0.41

HST Host Hotels & Resorts $1,427.00 $1,374.00 $0.19 $0.13HCBK Hudson City Bancorp $357.10 $433.58 $0.10 $0.15HUM Humana Inc $10,321.00 $9,699.00 $2.78 $2.37HBAN Huntington Bancshares $711.24 $741.36 $0.17 $0.17ITW Illinois Tool Works $4,219.00 $4,463.00 $1.08 $1.10IR Ingersoll-Rand Plc $3,932.70 $3,821.30 $1.15 $1.01TEG Integrys Energy Group $1,116.00 $836.60 -$0.06 $0.66INTC Intel Corp $12,811.00 $13,501.00 $0.40 $0.56ICE IntercontinentalExchange $371.61 $351.21 $2.21 $2.01IPG Interpublic Grp Cos $1,756.20 $1,715.70 $0.19 $0.23IBM Intl Bus. Machines $24,924.00 $25,783.00 $2.93 $3.38IFF Intl Flavors/Fragr $757.63 $721.32 $1.15 $1.09IGT Intl Game Technology $579.00 $532.80 $0.31 $0.22IP Intl Paper $7,335.00 $7,077.00 $0.55 $0.47ISRG Intuitive Surgical $578.50 $536.50 $3.99 $3.88IVZ INVESCO Ltd $1,135.50 $1,009.00 $0.47 $0.35IRM Iron Mountain $754.72 $752.16 $0.22 $0.24JBL Jabil Circuit $4,467.77 $4,250.92 $0.48 $0.49JEC Jacobs Engr Group $3,080.99 $2,772.87 $0.84 $0.77JNJ Johnson & Johnson $17,877.00 $16,475.00 $1.43 $1.33JCI Johnson Controls $10,831.00 $10,581.00 $0.78 $0.65JPM JPMorgan Chase & Co $27,652.00 $25,133.00 $1.73 $1.22JNPR Juniper Networks $1,150.70 $1,073.76 $0.21 $0.11KSU Kansas City Southern $579.30 $545.30 $0.85 $0.86K Kellogg Co $3,715.00 $3,474.00 $1.01 $0.93KEY KeyCorp $1,086.00 $1,147.00 $0.22 $0.23KMB Kimberly-Clark $5,267.00 $5,269.00 $1.41 $1.31KIM Kimco Realty $322.32 $273.70 $0.15 $0.14KMI Kinder Morgan $3,382.00 $2,167.00 -$0.08 $0.47KLAC KLA-Tencor Corp $720.03 $892.47 $0.82 $1.48KRFT Kraft Foods Group $4,735.00 $4,802.00 $0.86 $1.07LLL L-3 Communications Hldgs $3,192.00 $3,143.00 $2.06 $1.97LH Laboratory Corp Amer Hldg $1,468.20 $1,423.40 $1.70 $1.67LRCX Lam Research $986.21 $741.81 $0.56 $0.42LM Legg Mason Inc $674.84 $624.84 $0.38 $0.25LEG Leggett & Platt $958.80 $938.80 $0.44 $0.41LEN Lennar Corp'A' $1,426.12 $930.15 $0.50 $0.18LUK Leucadia National $2,914.74 $2,070.77 $0.16 -$0.81LIFE Life Technologies $943.03 $949.31 $0.83 $0.72LLY Lilly (Eli) $5,929.70 $5,600.70 $1.16 $0.83LNC Lincoln Natl Corp $2,999.00 $2,900.00 $1.19 $1.14LLTC Linear Technology Corp $327.26 $330.01 $0.43 $0.44LMT Lockheed Martin $11,408.00 $11,921.00 $2.68 $2.41L Loews Corp $3,725.00 $3,388.00 $0.69 $0.14LO Lorillard Inc $1,288.00 $1,205.00 $0.83 $0.73LSI LSI Corp $589.58 $659.57 $0.05 $0.11LYB LyondellBasell Industries $11,103.00 $11,248.00 $1.61 $1.59MTB M&T Bank $1,258.90 $1,129.04 $2.61 $1.75MAC Macerich Co $347.04 $221.94 $0.53 $0.03MRO Marathon Oil $3,918.00 $3,731.00 $0.62 $0.56MPC Marathon Petroleum $24,081.00 $18,815.00 $1.96 $2.54MAR Marriott Intl'A' $3,263.00 $2,776.00 $0.58 $0.43MMC Marsh & McLennan $3,088.00 $3,026.00 $0.73 $0.62

MAS Masco Corp $2,149.00 $2,004.00 $0.26 $0.05MA MasterCard Inc'A' $2,096.00 $1,820.00 $6.98 $5.66MAT Mattel, Inc $1,169.11 $1,158.71 $0.24 $0.28MKC McCormick & Co $1,002.50 $984.00 $0.62 $0.61MCD McDonald's Corp $7,083.80 $6,915.90 $1.39 $1.33MHFI McGraw Hill Financial $1,250.00 $1,073.00 $0.94 $0.72MCK McKesson Corp $32,208.00 $30,699.00 $1.93 $1.44MJN Mead Johnson Nutrition $1,055.30 $1,012.30 $0.84 $0.84MWV MeadWestvaco Corp $1,434.00 $1,423.00 $0.38 $0.47MRK Merck & Co $11,010.00 $12,310.00 $0.49 $0.69MET MetLife Inc $15,721.00 $18,398.00 $0.43 $2.18MCHP Microchip Technology $462.79 $352.13 $0.41 $0.41MU Micron Technology $2,318.00 $2,172.00 $0.08 -$0.26MSFT Microsoft Corp $19,896.00 $18,059.00 $0.59 $0.68MOLX Molex Inc $882.93 $858.53 $0.32 $0.37TAP Molson Coors Brewing'B' $1,178.00 $999.40 $1.59 $1.23MDLZ Mondelez International'A' $8,595.00 $0.00 $0.37 $0.00MON Monsanto Co $4,248.00 $4,219.00 $1.70 $1.65MCO Moody's Corp $756.00 $640.80 $1.02 $0.76MS Morgan Stanley $9,721.00 $8,437.00 $0.44 $0.28MOS Mosaic Co $2,692.20 $2,820.50 $1.16 $1.21MSI Motorola Solutions $2,107.00 $2,148.00 $1.04 $0.61MUR Murphy Oil $7,201.51 $7,146.82 $1.76 $1.50MYL Mylan Inc $1,701.70 $1,691.54 $0.53 $0.42NBR Nabors Indus $1,491.59 $1,737.11 $0.08 $0.05NDAQ Nasdaq OMX Group $814.00 $804.00 $0.63 $0.54NOV Natl Oilwell Varco $5,601.00 $4,734.00 $1.33 $1.47NFLX NetFlix Inc $1,069.37 $889.16 $0.51 $0.11NWL Newell Rubbermaid $1,474.70 $1,425.30 $0.51 $0.45NFX Newfield Exploration $435.00 $350.00 $0.78 $0.50NEM Newmont Mining $1,993.00 $2,229.00 -$3.00 $0.58NEE NextEra Energy $3,833.00 $3,667.00 $1.45 $1.46NKE NIKE, Inc'B' $6,697.00 $6,236.00 $0.78 $0.63NI NiSource Inc $1,212.30 $1,048.70 $0.23 $0.25NE Noble Corp $1,017.38 $898.92 $0.69 $0.56NBL Noble Energy $1,112.00 $934.00 $1.00 $0.78NSC Norfolk Southern $2,802.00 $2,874.00 $1.47 $1.62NU Northeast Utilities $1,635.86 $1,628.68 $0.54 $0.45NTRS Northern Trust $1,075.70 $1,055.90 $0.78 $0.74NOC Northrop Grumman $6,294.00 $6,274.00 $2.09 $1.91NUE Nucor Corp $4,665.59 $5,104.20 $0.27 $0.46NYX NYSE Euronext $995.00 $986.00 $0.63 $0.51ORLY O'Reilly Automotive $1,714.97 $1,562.85 $1.61 $1.17OXY Occidental Petroleum $5,962.00 $5,768.00 $1.58 $1.64OMC Omnicom Group $3,637.00 $3,560.90 $1.09 $1.03ORCL Oracle Corp $10,947.00 $10,916.00 $0.78 $0.71OI Owens-Illinois $1,781.00 $1,766.00 $0.82 $0.82PCAR PACCAR Inc $4,300.50 $4,457.20 $0.82 $0.83PH Parker-Hannifin $3,428.23 $3,411.67 $1.82 $2.02PAYX Paychex Inc $585.30 $551.50 $0.34 $0.34BTU Peabody Energy $1,725.30 $1,981.20 $0.53 $0.79PNR Pentair Ltd $1,963.70 $941.52 $0.88 $0.83PBCT People's United Financial $336.20 $338.10 $0.20 $0.19

POM Pepco Holdings $1,053.00 $1,179.00 $0.19 $0.28PEP PepsiCo Inc $16,807.00 $16,458.00 $1.22 $1.09PKI PerkinElmer Inc $547.10 $532.25 $0.37 $0.40PFE Pfizer, Inc $12,973.00 $15,057.00 $0.45 $0.51PCG PG&E Corp $3,776.00 $3,593.00 $0.79 $0.81PM Philip Morris Intl $7,917.00 $8,120.00 $1.30 $1.36PSX Phillips 66 $39,812.00 $43,358.00 $1.55 $1.76PNW Pinnacle West Capital $915.82 $878.58 $1.19 $1.12PXD Pioneer Natural Resources $845.14 $600.54 $2.42 $1.75PBI Pitney Bowes $1,158.21 $1,166.36 $0.47 $0.50PCL Plum Creek Timber $320.00 $309.00 $0.28 $0.22PNC PNC Financial Services Gr $4,275.00 $3,893.00 $2.05 $1.22PPG PPG Indus $4,095.00 $3,528.00 $2.50 $1.98PPL PPL Corp $3,474.00 $2,549.00 $0.77 $0.47PX Praxair Inc $3,014.00 $2,811.00 $1.50 $1.43PCP Precision Castparts $2,367.00 $1,966.00 $2.90 $2.37PFG Principal Financial Grp $2,210.60 $2,118.60 $0.76 $0.58PG Procter & Gamble $20,655.00 $20,212.00 $0.79 $0.85PGR Progressive Corp,Ohio $4,589.20 $4,110.30 $0.54 $0.20PLD Prologis Inc $432.47 $510.44 $0.01 -$0.02PRU Prudential Financial $10,044.00 $16,130.00 -$1.11 $4.73PSA Public Storage $504.00 $462.65 $1.21 $0.77PEG Public Svc Enterprises $2,310.00 $2,098.00 $0.66 $0.42PHM PulteGroup Inc $1,279.42 $1,069.40 $0.26 $0.12QEP QEP Resources $751.00 $499.30 $1.00 $0.01QCOM QUALCOMM Inc $6,242.00 $4,626.00 $1.01 $0.71PWR Quanta Services $1,474.38 $1,386.16 $0.33 $0.27DGX Quest Diagnostics $1,815.74 $1,878.35 $1.07 $1.15RL Ralph Lauren Corp'A' $1,653.00 $1,593.40 $1.88 $2.10RRC Range Resources $589.84 $452.32 $1.15 $0.35RTN Raytheon Co $6,115.00 $5,992.00 $1.51 $1.42RHT Red Hat Inc $363.26 $314.73 $0.21 $0.21REGN Regeneron Pharmaceuticals $457.64 $304.40 $0.89 $0.81RF Regions Financial $1,415.00 $1,494.00 $0.21 $0.19RSG Republic Services $2,111.70 $2,060.60 $0.25 $0.59RAI Reynolds American $2,179.00 $2,176.00 $0.84 $0.78RHI Robert Half Intl $1,063.23 $1,028.38 $0.46 $0.46ROK Rockwell Automation $1,624.20 $1,560.40 $1.46 $1.34COL Rockwell Collins $1,166.00 $1,207.00 $1.21 $1.16ROP Roper Indus $804.93 $724.87 $1.32 $1.18RDC Rowan Cos Plc $408.90 $351.02 $0.67 $0.51R Ryder System $1,604.00 $1,563.86 $1.21 $1.01SWY Safeway Inc $8,696.10 $8,833.90 $0.28 $0.20SNDK SanDisk Corp $1,476.26 $1,032.26 $1.08 $0.05SCG SCANA Corp $1,016.00 $908.00 $0.60 $0.55SLB Schlumberger Ltd $11,182.00 $10,341.00 $1.16 $1.01SCHW Schwab(Charles)Corp $1,362.00 $1,256.00 $0.18 $0.17STX Seagate Technology Plc $3,424.00 $4,482.00 $1.21 $2.45SEE Sealed Air $1,961.50 $1,852.50 $0.38 $0.07SRE Sempra Energy $2,651.00 $2,089.00 $1.49 $0.80SHW Sherwin-Williams $2,713.89 $2,573.02 $2.51 $2.23SIAL Sigma-Aldrich $681.00 $664.00 $1.06 $0.98SPG Simon Property Group $1,293.08 $1,217.20 $1.10 $0.71

SLM SLM Corp $1,810.00 $1,576.00 $1.15 $0.57SNA Snap-On Inc $808.60 $777.80 $1.54 $1.43SO Southern Co $4,246.00 $4,181.00 $0.66 $0.69LUV Southwest Airlines $4,643.00 $4,615.00 $0.34 $0.31SWN Southwestern Energy $862.04 $599.73 $0.70 $0.50SE Spectra Energy $1,220.00 $1,112.00 $0.30 $0.33STJ St. Jude Medical $1,403.00 $1,410.00 $0.96 $0.86SWK Stanley Black & Decker $2,869.30 $2,814.20 $1.23 $1.35SBUX Starbucks Corp $3,741.80 $3,303.60 $0.56 $0.44HOT Starwood Hotels&Res World $1,562.00 $1,618.00 $0.35 $0.71STT State Street Corp $2,664.00 $2,537.00 $1.32 $1.06SRCL Stericycle Inc $526.52 $468.95 $0.93 $0.82SYK Stryker Corp $2,212.00 $2,106.00 $1.01 $0.97STI SunTrust Banks $2,205.00 $2,432.00 $0.68 $0.52SYMC Symantec Corp $1,709.00 $1,668.00 $0.30 $0.26TROW T.Rowe Price Group $854.30 $736.80 $0.96 $0.81TEL TE Connectivity $3,449.00 $3,499.00 $0.90 $0.79TE TECO Energy $735.90 $719.60 $0.24 $0.27THC Tenet Healthcare $2,422.00 $2,265.00 $0.64 $0.40TDC Teradata Corp $670.00 $665.00 $0.67 $0.71TER Teradyne Inc $428.89 $548.28 $0.35 $0.58TSO Tesoro Corp $8,754.00 $7,993.00 $1.59 $2.89TXN Texas Instruments $3,047.00 $3,325.00 $0.43 $0.39TXT Textron, Inc $2,839.00 $3,019.00 $0.41 $0.61TMO Thermo Fisher Scientific $3,240.10 $3,108.10 $0.95 $0.88TWX Time Warner $7,435.00 $6,744.00 $0.86 $0.48TWC Time Warner Cable $5,550.00 $5,404.00 $1.71 $1.49TMK Torchmark Corp $950.34 $885.79 $1.45 $1.33TSS Total System Svcs $478.44 $462.65 $0.34 $0.35TRV Travelers Cos $6,674.00 $6,359.00 $2.44 $1.27TRIP TripAdvisor Inc $246.94 $197.15 $0.47 $0.38TYC Tyco Intl $2,678.00 $2,655.00 $0.50 $0.48TSN Tyson Foods'A' $8,731.00 $8,308.00 $0.72 $0.51USB U.S. Bancorp $5,314.00 $5,583.00 $0.76 $0.71X U.S. Steel $4,429.00 $5,017.00 -$0.54 $0.78UNP Union Pacific $5,470.00 $5,221.00 $2.38 $2.12UPS United Parcel'B' $13,507.00 $13,349.00 $1.14 $1.17UTX United Technologies $16,006.00 $13,807.00 $1.67 $1.60UNH UnitedHealth Group $30,408.00 $27,265.00 $1.42 $1.30UNM Unum Group $2,601.90 $2,617.90 $0.82 $0.76VLO Valero Energy $34,034.00 $34,421.00 $0.97 $1.50VAR Varian Medical Systems $726.21 $705.25 $1.04 $0.98VTR Ventas Inc $685.34 $612.48 $0.47 $0.25VRSN VeriSign Inc $239.33 $214.14 $0.61 $0.43VZ Verizon Communications $29,786.00 $28,552.00 $0.78 $0.64VFC VF Corp $2,220.41 $2,141.79 $1.30 $1.13VIAB Viacom Inc'B' $3,693.00 $3,241.00 $1.34 $0.98V Visa Inc'A' $3,001.00 $2,565.00 $1.89 $1.14VNO Vornado Realty Trust $711.36 $629.59 $0.46 $0.01VMC Vulcan Materials $738.73 $694.14 $0.23 $0.04WAG Walgreen Co $18,313.00 $17,752.00 $0.77 $0.64WPO Washington Post'B' $1,021.85 $983.75 $7.36 $5.70WM Waste Management $3,526.00 $3,459.00 $0.53 $0.52

WAT Waters Corp $451.12 $451.46 $1.07 $1.16WLP WellPoint Inc $17,795.60 $15,407.30 $2.66 $2.09WFC Wells Fargo $22,455.00 $22,606.00 $1.00 $0.83WDC Western Digital $3,728.00 $4,754.00 $1.80 $3.23WU Western Union $1,385.90 $1,425.10 $0.36 $0.46WY Weyerhaeuser Co $2,141.00 $1,793.00 $0.35 $0.09WHR Whirlpool Corp $4,748.00 $4,511.00 $2.89 $1.90WFM Whole Foods Market $3,058.00 $2,727.28 $0.38 $0.32WMB Williams Cos $1,767.00 $1,846.00 $0.20 $0.22WEC Wisconsin Energy Corp $1,012.30 $944.70 $0.52 $0.52WPX WPX Energy $815.00 $775.00 $0.09 -$0.17WYN Wyndham Worldwide $1,254.00 $1,139.00 $0.99 $0.89WYNN Wynn Resorts $1,332.27 $1,253.21 $1.46 $1.38XEL Xcel Energy $2,578.91 $2,274.67 $0.40 $0.38XRX Xerox Corp $5,402.00 $5,541.00 $0.25 $0.24XLNX Xilinx Inc $578.96 $582.78 $0.59 $0.49XL XL Group Plc'A' $1,841.67 $1,743.64 $0.94 $0.71XYL Xylem Inc $960.00 $966.00 $0.36 $0.50YHOO Yahoo Inc $1,135.24 $1,217.79 $0.30 $0.27YUM Yum Brands $2,904.00 $3,168.00 $0.58 $0.69ZMH Zimmer Holdings $1,169.50 $1,125.00 $1.44 $1.34ZION Zions Bancorp $618.38 $641.25 $0.44 $0.30ZTS Zoetis Inc'A' $1,114.00 $0.00 $0.36 $0.00

AS REPORTED PRIOR SECTORPER SHARE YEAR

$1.71 $1.66 Industrials$0.30 $1.08 Health Care$0.66 $0.79 Health Care$1.21 $1.03 Information Technology$2.59 $0.96 Financials

-$4.27 -$0.49 Health Care$0.15 $0.45 Information Technology$0.52 $0.44 Industrials

-$0.10 $0.05 Information Technology$1.49 $1.32 Health Care$1.90 $1.03 Financials$0.41 $0.28 Utilities$1.36 $1.66 Materials$1.14 $1.15 Materials$0.34 $0.24 Information Technology

-$0.11 $0.00 Materials$0.48 $0.18 Health Care$0.04 $0.50 Materials$1.17 $0.96 Health Care$0.92 $0.86 Financials$0.31 $0.50 Information Technology$0.63 $0.60 Consumer Staples

-$0.02 $0.01 Consumer Discretionary$0.69 $0.75 Utilities$1.27 $1.15 Financials$1.82 $1.33 Financials$0.25 $0.12 Financials$0.44 $0.87 Utilities$1.54 $0.99 Financials$0.27 $0.68 Health Care$1.65 $1.61 Health Care$0.95 $0.86 Information Technology$1.83 -$0.18 Energy$0.76 $0.73 Financials$2.54 $0.86 Energy$0.02 -$0.24 Financials$0.71 $1.11 Consumer Discretionary$7.47 $9.32 Information Technology$0.34 $0.43 Consumer Staples$1.70 $1.94 Financials$0.71 $0.66 Telecommunication Services$0.47 $0.53 Information Technology$0.73 $0.64 Consumer Discretionary$7.27 $6.28 Consumer Discretionary$0.02 $0.63 Financials$0.70 $0.49 Industrials

$0.19 $0.14 Consumer Staples$0.54 $1.00 Energy$0.63 $0.88 Materials$0.32 $0.19 Financials$0.71 $0.39 Financials

-$2.03 $1.54 Health Care$1.07 $1.19 Health Care$0.77 $0.72 Financials$1.47 $1.52 Health Care$0.93 $0.89 Consumer Discretionary$0.51 $0.40 Materials$1.84 $1.25 Financials$2.06 $1.61 Health Care$4.19 $3.08 Financials$0.36 $0.33 Information Technology$1.41 $1.27 Industrials$1.50 $1.00 Consumer Discretionary$2.93 $0.57 Financials$0.10 -$2.51 Health Care$0.32 $0.38 Health Care

-$0.43 $0.28 Information Technology$0.70 $0.71 Industrials$0.73 $0.51 Information Technology$0.11 $0.24 Consumer Discretionary$0.42 $0.17 Energy$0.57 $0.70 Energy$2.07 $0.33 Financials

-$1.72 $0.68 Health Care$0.64 $0.52 Consumer Discretionary$0.05 $0.02 Consumer Discretionary$1.45 $2.54 Industrials$0.21 $0.23 Financials$0.76 $0.65 Consumer Discretionary$1.11 $0.82 Health Care

-$0.23 $0.29 Utilities$0.44 $0.12 Telecommunication Services$0.32 $0.28 Health Care$8.38 $9.31 Materials$0.66 $1.29 Energy$2.77 $3.66 Energy$2.82 $2.56 Consumer Discretionary$2.21 $1.48 Financials$1.76 $1.31 Health Care$0.66 $0.20 Financials$0.69 $0.60 Industrials$1.33 $0.95 Financials$0.34 $0.49 Information Technology$0.82 $1.79 Materials$1.38 $1.32 Consumer Staples$0.93 $0.74 Financials$0.29 $0.37 Utilities$0.78 $0.86 Consumer Discretionary$0.59 $0.60 Consumer Staples

$0.66 $0.67 Consumer Staples$0.99 $0.82 Information Technology$0.60 $0.65 Consumer Staples$0.65 $0.50 Consumer Discretionary$0.76 $0.73 Financials$0.91 $0.26 Information Technology$0.45 -$0.21 Consumer Staples$1.65 $1.35 Energy

-$0.05 $0.67 Energy$0.59 $0.73 Utilities$0.27 $0.38 Consumer Staples$0.43 $0.30 Information Technology$1.04 $0.88 Consumer Staples$0.85 $0.93 Health Care$0.18 $0.40 Telecommunication Services$0.52 $0.49 Industrials$2.20 $2.47 Industrials$0.91 $0.75 Consumer Staples$0.42 $2.22 Consumer Discretionary$0.87 $0.84 Industrials$1.01 $1.15 Consumer Discretionary$2.37 $0.99 Health Care$1.17 $1.01 Consumer Discretionary$0.35 $0.54 Energy$0.60 $0.56 Health Care$1.68 $1.18 Energy$1.33 $1.45 Energy$1.18 $1.09 Consumer Discretionary$1.20 $1.00 Financials$0.82 $0.77 Consumer Discretionary$1.01 $1.01 Consumer Discretionary$0.47 $0.48 Utilities$1.70 $1.10 Industrials$1.87 $0.55 Materials$0.76 $0.83 Consumer Staples$0.60 $0.86 Utilities$0.48 $0.99 Utilities$1.44 $1.20 Industrials$1.10 $1.15 Materials

-$0.19 $0.14 Financials$1.69 $1.26 Materials$1.04 $1.12 Industrials$0.49 $0.53 Information Technology$0.69 $0.62 Materials

-$0.33 $0.39 Utilities$0.82 $0.57 Health Care$0.71 $0.63 Information Technology$0.32 $0.29 Information Technology$0.27 $1.04 Industrials$1.55 $1.45 Energy$0.92 $2.06 Utilities$2.42 $1.47 Energy$0.57 $0.21 Energy

$0.73 $0.60 Industrials-$0.14 $0.09 Financials$0.57 $0.33 Utilities$0.51 $0.76 Consumer Discretionary$0.45 $0.39 Industrials$0.67 $0.18 Health Care$1.55 $3.41 Energy$0.86 $0.91 Information Technology$1.05 $1.06 Consumer Discretionary$0.41 $0.38 Industrials$0.95 $1.73 Industrials$0.31 $0.52 Information Technology$0.66 $0.40 Financials$0.37 $1.27 Information Technology

-$0.39 $0.45 Utilities$1.13 $1.18 Information Technology$0.35 $0.27 Information Technology$0.84 $0.66 Industrials$0.98 $0.95 Industrials$0.85 $0.82 Materials$0.44 $0.46 Energy$0.30 $0.26 Consumer Discretionary$0.09 $0.21 Health Care$1.15 $0.92 Consumer Discretionary$0.86 $0.71 Financials$0.49 $0.74 Materials

-$0.04 $0.02 Telecommunication Services$0.48 $0.51 Consumer Discretionary$0.88 $0.95 Consumer Discretionary$0.75 $0.90 Consumer Discretionary$1.81 $1.77 Industrials$0.31 $0.34 Industrials$0.55 $0.49 Consumer Staples$1.39 $1.08 Consumer Discretionary$0.27 $0.10 Financials$0.46 $0.46 Health Care$3.70 $1.78 Financials$0.67 $0.33 Consumer Discretionary$7.55 $8.56 Information Technology$3.03 $2.63 Industrials$0.69 $0.80 Energy$1.21 $1.07 Consumer Discretionary$0.08 $0.69 Consumer Discretionary$0.65 $1.20 Information Technology

-$0.14 -$0.27 Financials$0.28 $0.33 Consumer Discretionary$0.47 $0.48 Financials$0.08 $0.07 Financials$2.32 $1.38 Energy$0.70 $0.59 Consumer Staples$4.13 $1.61 Energy$1.28 $1.14 Industrials$0.20 -$0.02 Health Care

$0.16 $0.11 Financials$0.10 $0.15 Financials$2.63 $2.16 Health Care$0.17 $0.17 Financials$1.03 $1.09 Industrials$1.03 $1.14 Industrials

-$0.06 $0.66 Utilities$0.39 $0.54 Information Technology$2.09 $1.95 Financials$0.18 $0.22 Consumer Discretionary$2.91 $3.34 Information Technology$1.24 $1.08 Materials$0.25 $0.16 Consumer Discretionary$0.52 $0.27 Materials$3.90 $3.75 Health Care$0.46 $0.34 Financials$0.14 $0.24 Industrials$0.24 $0.48 Information Technology$0.83 $0.76 Industrials$1.33 $0.50 Health Care$0.83 $0.63 Consumer Discretionary$1.60 $1.21 Financials$0.19 $0.11 Information Technology$0.14 $1.09 Industrials$0.96 $0.84 Consumer Staples$0.21 $0.23 Financials$1.36 $1.26 Consumer Staples$0.15 $0.14 Financials$0.27 $0.17 Energy$0.80 $1.46 Information Technology$1.38 $1.00 Consumer Staples$2.03 $1.94 Industrials$1.62 $1.56 Health Care$0.50 $0.13 Information Technology$0.38 -$0.07 Financials$0.44 $0.43 Consumer Discretionary$0.61 $2.06 Consumer Discretionary$0.14 -$0.81 Financials$0.72 $0.67 Health Care$1.11 $0.83 Health Care$1.15 $1.09 Financials$0.43 $0.44 Information Technology$2.64 $2.38 Industrials$0.69 $0.14 Financials$0.83 $0.72 Consumer Staples$0.04 $0.10 Information Technology$1.60 $1.33 Materials$2.55 $1.71 Financials$0.54 $0.03 Financials$0.60 $0.56 Energy$1.83 $2.38 Energy$0.57 $0.42 Consumer Discretionary$0.70 $0.60 Financials

$0.23 -$0.17 Industrials$6.96 $5.55 Information Technology$0.21 $0.28 Consumer Discretionary$0.59 $0.60 Consumer Staples$1.38 $1.32 Consumer Discretionary$0.90 $0.62 Financials$1.81 $1.58 Health Care$0.80 $0.81 Consumer Staples$0.37 $0.44 Materials$0.30 $0.58 Health Care$0.43 $2.12 Financials$0.37 $0.39 Information Technology$0.04 -$0.32 Information Technology$0.59 -$0.06 Information Technology$0.32 $0.40 Information Technology$1.50 $0.57 Consumer Staples$0.34 $0.00 Consumer Staples$1.68 $1.74 Materials$1.00 $0.76 Financials$0.43 $0.28 Financials$1.14 $1.19 Materials$0.94 $0.60 Information Technology$1.75 $1.50 Energy$0.46 $0.33 Health Care$0.08 -$0.34 Energy$0.52 $0.53 Financials$1.24 $1.42 Energy$0.49 $0.11 Consumer Discretionary$0.40 $0.36 Consumer Discretionary$0.78 $0.47 Energy

-$4.21 $0.56 Materials$1.44 $1.45 Utilities$0.76 $0.60 Consumer Discretionary$0.23 $0.23 Utilities$0.69 $0.63 Energy$0.99 $0.74 Energy$1.46 $1.60 Industrials$0.54 $0.15 Utilities$0.78 $0.73 Financials$2.05 $1.88 Industrials$0.27 $0.35 Materials$0.71 $0.49 Financials$1.58 $1.15 Consumer Discretionary$1.64 $1.64 Energy$1.09 $1.02 Consumer Discretionary$0.80 $0.69 Information Technology$0.81 $0.81 Materials$0.82 $0.83 Industrials$1.78 $1.96 Industrials$0.34 $0.34 Information Technology$0.39 $0.78 Energy$0.75 $0.71 Industrials$0.20 $0.19 Financials

$0.16 $0.27 Utilities$1.28 $0.94 Consumer Staples$0.24 $0.29 Health Care$0.50 $0.42 Health Care$0.74 $0.55 Utilities$1.30 $1.36 Consumer Staples$1.53 $1.86 Energy$1.18 $1.12 Utilities$2.40 $1.75 Energy$0.05 $0.51 Industrials$0.28 $0.22 Financials$1.99 $0.98 Financials$2.35 $1.92 Materials$0.63 $0.47 Utilities$1.49 $1.42 Materials$2.88 $2.34 Industrials$0.75 $0.58 Financials$0.64 $0.74 Consumer Staples$0.54 $0.19 Financials

-$0.03 -$0.05 Financials-$1.15 $4.62 Financials$1.20 $0.77 Financials$0.66 $0.42 Utilities$0.09 $0.11 Consumer Discretionary$0.99 $0.00 Energy$0.90 $0.69 Information Technology$0.33 $0.27 Industrials$0.99 $1.09 Health Care$1.94 $2.03 Consumer Discretionary$0.88 $0.34 Energy$1.50 $1.41 Industrials$0.21 $0.19 Information Technology$0.79 $0.70 Health Care$0.18 $0.20 Financials$0.15 $0.40 Industrials$0.84 $0.78 Consumer Staples$0.46 $0.32 Industrials$1.45 $1.33 Industrials$1.20 $1.14 Industrials$1.11 $1.15 Industrials$0.67 $0.41 Energy$1.19 $0.91 Industrials$0.24 $0.20 Consumer Staples$1.06 $0.05 Information Technology$0.60 $0.54 Utilities$1.66 $0.99 Energy$0.18 $0.20 Financials$0.94 $2.37 Information Technology$0.26 -$0.12 Materials$0.98 $0.25 Utilities$2.46 $2.17 Materials$0.98 $0.94 Materials$1.10 $0.71 Financials

$1.12 $0.60 Financials$1.50 $1.30 Industrials$0.34 $0.71 Utilities$0.31 $0.30 Industrials$0.70 -$1.16 Energy$0.30 $0.33 Energy$0.40 $0.78 Health Care$1.23 $0.92 Industrials$0.55 $0.43 Consumer Discretionary$0.71 $0.66 Consumer Discretionary$1.24 $0.98 Financials$0.89 $0.78 Industrials$0.56 $0.85 Health Care$0.68 $0.50 Financials$0.22 $0.22 Information Technology$0.92 $0.79 Financials$0.79 $0.60 Information Technology$0.24 $0.27 Utilities

-$0.52 $0.40 Health Care$0.65 $0.65 Information Technology$0.28 $0.49 Information Technology$1.72 $2.75 Energy$0.58 $0.38 Information Technology$0.40 $0.58 Industrials$0.77 $0.79 Health Care$0.81 $0.44 Consumer Discretionary$1.64 $1.43 Consumer Discretionary$1.44 $1.32 Financials$0.31 $0.35 Information Technology$2.41 $1.26 Financials$0.46 $0.37 Consumer Discretionary$0.28 $0.14 Industrials$0.69 $0.21 Consumer Staples$0.76 $0.71 Financials

-$0.54 $0.62 Materials$2.37 $2.10 Industrials$1.13 $1.15 Industrials$1.70 $1.62 Industrials$1.40 $1.27 Health Care$0.82 $0.76 Financials$0.85 $1.50 Energy$1.03 $0.96 Health Care$0.45 $0.15 Financials$0.55 $0.42 Information Technology$0.78 $0.64 Telecommunication Services$1.24 $1.40 Consumer Discretionary$1.32 $0.99 Consumer Discretionary$1.88 -$2.74 Information Technology$0.46 $0.01 Financials$0.23 -$0.13 Materials$0.65 $0.62 Consumer Staples$6.02 $5.01 Consumer Discretionary$0.52 $0.45 Industrials

$1.03 $1.09 Health Care$2.64 $1.94 Health Care$0.98 $0.82 Financials$1.71 $2.87 Information Technology$0.36 $0.44 Information Technology$0.35 $0.16 Financials$2.44 $1.43 Consumer Discretionary$0.38 $0.32 Consumer Staples$0.22 $0.21 Energy$0.52 $0.51 Utilities$0.09 -$0.17 Energy$0.98 $0.88 Consumer Discretionary$1.28 $1.37 Consumer Discretionary$0.40 $0.38 Utilities$0.23 $0.22 Information Technology$0.56 $0.47 Information Technology$0.93 $0.71 Financials$0.25 $0.48 Industrials$0.30 $0.18 Information Technology$0.61 $0.69 Consumer Discretionary$0.89 $1.22 Health Care$0.30 $0.30 Financials$0.26 $0.00 Health Care

S&P Dow Jones IndicesS&P 500 salesData based on a combination of reported and estimated sales for Q2,'13

QUARTERL SALES PER SHARE Jun-13 Est Mar-13 Dec-12 Sep-12 Jun-12 Mar-12 Dec-11 Sep-11 Jun-11ENERGY $138.06 $134.07 $140.72 $140.93 $145.39 $145.20 $143.47 $145.58 $139.33MATERIALS $52.12 $51.02 $48.63 $48.38 $50.73 $50.26 $46.48 $50.09 $53.50INDUSTRIALS $69.85 $66.60 $69.75 $68.18 $68.89 $66.16 $68.05 $66.59 $64.87CONSUMER DISCRETIONARY $89.23 $81.20 $89.79 $79.10 $78.22 $76.24 $82.93 $74.69 $74.61CONSUMER STAPLES $88.29 $87.30 $99.05 $87.11 $84.24 $85.43 $88.41 $85.25 $84.13HEALTH CARE $92.24 $90.84 $91.13 $87.03 $88.43 $88.44 $88.66 $85.87 $85.02FINANCIALS $36.86 $36.97 $40.48 $36.52 $35.26 $35.46 $35.05 $35.84 $37.09INFORMATION TECHNOLOGY $50.49 $51.41 $55.24 $49.17 $49.37 $49.52 $52.44 $46.90 $46.26TELECOMMUNICATION SERVICES $30.53 $29.93 $30.26 $29.14 $28.95 $28.77 $28.23 $27.48 $27.32UTILITIES $32.16 $33.49 $32.29 $34.67 $30.55 $33.09 $33.75 $38.25 $33.83S&P 500 $277.07 $270.77 $288.03 $268.99 $268.03 $267.33 $272.64 $265.99 $263.31

QUARTERLY OPERATING MARGINS Jun-13 Est Mar-13 Dec-12 Sep-12 Jun-12 Mar-12 Dec-11 Sep-11 Jun-11ENERGY 8.32% 8.34% 7.43% 7.19% 8.40% 7.93% 7.00% 9.69% 9.32%MATERIALS 6.04% 8.78% 5.74% 6.59% 8.79% 8.42% 4.02% 7.83% 10.17%INDUSTRIALS 8.85% 8.23% 6.98% 8.43% 8.96% 8.28% 7.97% 8.17% 8.54%CONSUMER DISCRETIONARY 7.11% 6.83% 7.05% 7.24% 6.78% 6.44% 6.73% 6.93% 7.21%CONSUMER STAPLES 6.56% 6.22% 6.39% 6.58% 6.51% 5.92% 6.29% 6.46% 6.41%HEALTH CARE 8.87% 8.96% 7.93% 9.11% 9.07% 9.44% 8.35% 8.97% 9.73%FINANCIALS 14.79% 14.09% 9.54% 11.69% 12.42% 11.08% 11.56% 12.50% 10.65%INFORMATION TECHNOLOGY 15.21% 15.95% 16.98% 14.03% 16.49% 16.70% 17.66% 15.61% 16.62%TELECOMMUNICATION SERVICES 7.08% 7.02% -9.58% 7.17% 7.91% 6.60% 4.29% 7.10% 6.52%UTILITIES 8.83% 7.59% 8.21% 10.56% 8.77% 9.01% 6.87% 10.80% 8.48%S&P 500 9.54% 9.52% 8.04% 8.92% 9.49% 9.07% 8.70% 9.51% 9.44%

OPERATING SALES CONTRIBUTION Jun-13 Est Mar-13 Dec-12 Sep-12 Jun-12 Mar-12 Dec-11 Sep-11 Jun-11ENERGY 14.57% 14.53% 14.36% 15.48% 15.86% 15.97% 15.59% 16.26% 15.83%MATERIALS 4.09% 4.10% 3.67% 3.90% 3.94% 3.91% 3.55% 3.88% 4.00%INDUSTRIALS 11.13% 10.78% 10.64% 11.19% 11.81% 11.37% 11.48% 11.52% 11.38%CONSUMER DISCRETIONARY 14.12% 13.01% 13.59% 12.63% 12.59% 12.33% 13.23% 12.28% 12.54%CONSUMER STAPLES 13.10% 13.51% 14.43% 13.69% 13.47% 13.78% 14.02% 13.81% 13.92%HEALTH CARE 12.34% 12.37% 11.71% 12.02% 12.22% 12.22% 12.06% 12.06% 12.15%FINANCIALS 13.58% 13.91% 14.14% 13.59% 13.08% 13.11% 12.39% 13.02% 13.61%INFORMATION TECHNOLOGY 10.64% 11.11% 11.23% 10.72% 10.72% 10.79% 11.22% 10.25% 10.04%

TELECOMMUNICATION SERVICES 3.19% 3.26% 3.14% 3.26% 3.22% 3.22% 3.18% 3.15% 3.15%UTILITIES 3.23% 3.43% 3.09% 3.53% 3.08% 3.30% 3.29% 3.78% 3.38%S&P 500 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Mar-11 Dec-10 Sep-10$128.52 $117.59 $110.14

$49.88 $45.42 $44.61$60.50 $63.91 $61.13$70.26 $74.54 $67.67$79.44 $81.59 $74.01$82.19 $81.99 $77.91$36.09 $37.67 $38.76$44.09 $45.73 $42.00$27.14 $26.96 $27.16$36.56 $34.10 $36.90

$250.89 $252.73 $240.84

Mar-11 Dec-10 Sep-108.41% 7.74% 7.62%9.94% 7.52% 7.28%7.54% 8.19% 7.93%6.65% 6.78% 6.54%6.19% 6.44% 6.77%9.37% 8.72% 9.54%

10.39% 9.09% 10.12%16.28% 17.28% 15.95%

7.04% 6.04% 6.76%8.62% 6.32% 11.15%8.99% 8.68% 8.95%

Mar-11 Dec-10 Sep-1015.30% 13.89% 13.62%

3.91% 3.53% 3.78%11.05% 11.56% 11.54%12.58% 13.34% 12.68%13.89% 14.22% 13.73%12.46% 12.20% 12.15%13.64% 14.02% 14.80%10.10% 10.49% 10.19%

3.28% 3.24% 3.43%3.80% 3.51% 4.00%

100.00% 100.00% 100.00%

Howard Silverblatt, S&P Dow Jones Indices Senior Index Analyst

Of the 446 with full operating comparative data for Q2,'13:292 beat, 121 missed, and 33 met their estimatesS&P 500 Q2,'13 OPER EPS ------------- ISSUES -------------------- ----------- PERCENTAGE --------------------SECTOR REPORTED BEAT MISSED MET REPORTED BEAT MISSED METEnergy 43 25 16 2 100.00% 58.14% 37.21% 4.65%Materials 29 17 9 3 96.67% 58.62% 31.03% 10.34%Industrials 58 36 17 5 95.08% 62.07% 29.31% 8.62%Consumer Discretionary 60 38 19 3 72.29% 63.33% 31.67% 5.00%Consumer Staples 31 21 5 5 77.50% 67.74% 16.13% 16.13%Health Care 49 38 7 4 90.74% 77.55% 14.29% 8.16%Financials 81 57 20 4 100.00% 70.37% 24.69% 4.94%Information Technology 58 42 12 4 82.86% 72.41% 20.69% 6.90%Telecommunication Services 7 2 3 2 100.00% 28.57% 42.86% 28.57%Utilities 30 16 13 1 96.77% 53.33% 43.33% 3.33%S&P 500 446 292 121 33 89.20% 65.47% 27.13% 7.40%

S&P 500 Q1,'13 OPER EPS ------------- ISSUES -------------------- ----------- PERCENTAGE --------------------SECTOR REPORTED BEAT MISSED MET REPORTED BEAT MISSED METEnergy 43 31 11 1 100.00% 72.09% 25.58% 2.33%Materials 30 15 10 5 100.00% 50.00% 33.33% 16.67%Industrials 61 34 20 7 101.67% 55.74% 32.79% 11.48%Consumer Discretionary 81 57 15 9 98.78% 70.37% 18.52% 11.11%Consumer Staples 41 25 11 5 97.62% 60.98% 26.83% 12.20%Health Care 53 38 12 3 100.00% 71.70% 22.64% 5.66%Financials 81 60 16 5 100.00% 74.07% 19.75% 6.17%Information Technology 70 47 19 4 100.00% 67.14% 27.14% 5.71%Telecommunication Services 8 5 2 1 100.00% 62.50% 25.00% 12.50%Utilities 31 17 13 1 100.00% 54.84% 41.94% 3.23%S&P 500 499 329 129 41 99.80% 65.93% 25.85% 8.22%

S&P 500 Q4,'12 OPER EPS ------------- ISSUES -------------------- ----------- PERCENTAGE --------------------SECTOR REPORTED BEAT MISSED MET REPORTED BEAT MISSED METEnergy 43 23 16 4 100.00% 53.49% 37.21% 9.30%Materials 30 15 10 5 100.00% 50.00% 33.33% 16.67%Industrials 60 36 19 5 100.00% 60.00% 31.67% 8.33%Consumer Discretionary 83 59 18 6 100.00% 71.08% 21.69% 7.23%Consumer Staples 42 30 11 1 100.00% 71.43% 26.19% 2.38%

Health Care 52 32 11 9 100.00% 61.54% 21.15% 17.31%Financials 81 53 20 8 100.00% 65.43% 24.69% 9.88%Information Technology 70 56 8 6 100.00% 80.00% 11.43% 8.57%Telecommunication Services 8 2 3 3 100.00% 25.00% 37.50% 37.50%Utilities 31 18 8 5 100.00% 58.06% 25.81% 16.13%S&P 500 500 324 124 52 100.00% 64.80% 24.80% 10.40%



Disclaimer: Please note that the statistical data is based on publicly available information, most of which is available in S&P products such as Capital IQ, Compustat Research Insight and S&P Index Alert. Analysis and projections are my own, and may differ from others within the S&P/McGraw-Hill organization. Nothing presented is intended to, or should be interpreted as, a buy/sell/hold recommendation. My notes vary in topics, but are all market related. The intent is to quickly inform. The assumption is that you don't need a basic education, editorial or sales pitch, just specific facts and maybe some observations. If the information does not suit your needs, please e-mail me and I will take you off the list. Unless otherwise noted all data is for public dissemination, and may not be used for commercial purposes. Finally, any incoming correspondence from you will be considered confidential unless you specify otherwise.

Upcoming: August 2, 2013 - August 9, 2013

With almost three-quarters of the companies reported, next week will show a slowdown in reports. Monday will bring integrated poultry business issue Tyson Foods (TSN), expected to post a 16% gain in earnings, as disability and insurance issue Unum Group (UNM) is expected to post flat-to-slightly up earnings, with electric and natural gas issue Integrated Energy Group (TEG) expected to post a 31% gain in earnings. Tuesday will bring amusement park and entertainment issue Walt Disney (DIS), expected to post a 4% gain, as investors look towards their review and analysis of consumer leisure spending. Drug and health store CVS Caremark (CVS) is expected to post a 19% gain in earnings, as solar module maker First Solar (FSLR) is expected to post a deep 64% decline in earnings. Wednesday will bring internet, media and communications issue Time Warner (TWX), with expectations being for a 28% gain in earnings, as packaged foods and beverage issue Mondelez International (MDLZ) is expected to post over a 40% decline in earnings. Insurance broker and services issue Marsh & McLennan Companies (MMC) is expected to post an 11% gain in earnings, with electric utility Duke Energy (DUX) expected to post a 4% decline. Thursday will bring power generator AES (AES), which is expected to post a 55% gain in earnings, as TV network and interactive media issue Scripps Networks Interactive (SNI) is expected to post a 14% gain. After the close, internet-based buy and sell services issue Priceline.com (PCLN) is expected to post an 18% gain in earnings. Friday will bring power generating issue NRG Energy (NRG), which is expected to post a slight loss for the quarter. The next week will start off slow and then pick up as retail starts to report. Economic reports will be light next week, starting with Tuesday’s Goods and Services reports, as exports and imports are expected to be flat (at USD 187 billion and USD 232 billion respectively). Wednesday will bring the weekly mortgage reports, along with the June Consumer Credit report, which is expected to show an increase of USD 15 billion (May was up USD 19.6 billion). Thursday will bring the weekly new unemployment claims report. Friday will post the Wholesale Inventories, which are expected to be up 0.3% (after declining 0.5% in May), as Wholesale Sales are expected to have increased 0.08% (after increasing 1.6% in May).

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