Obamacare: Latest Scapegoat for Earnings Misses

Obamacare: Latest Scapegoat for Earnings Misses
The Associated Press

 

Companies find all sorts of excuses during earnings season for disappointments, with the weather being an all-time favorite. But some companies are finding a new scapegoat: Obamacare.

Thirty companies in the Standard & Poor's 500, including United Parcel Service, General Electric and retailer Dollar General, have mentioned the Affordable Care Act during their conference calls since March 1 and all through the first-quarter earnings season, says John Butters, analyst at financial data research firm FactSet.

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