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Largest S&P 500 Profit Burns

2016-05-07 19_31_54-morguefile.com_search_morguefile_1_smoke_pop“Seeing profits go up in smoke by more than 5% in the first quarter is enough of a burn for investors. That’s the worst profit drop since 2009, but nothing compared to the incineration of the bottom line at nearly a dozen companies.” Today’s article identifies “11 companies in the Standard & Poor’s 500… where adjusted quarterly profit in the first quarter dropped 100% or more from the same period a year ago….” To see which S&P 500 companies experienced the largest declines in adjusted quarterly results – including an oil driller, a burrito chain (okay, this one is obvious) and a real-estate investment trust, CLICK HERE.