Frontier, Teva down despite earnings beat; Denbury rises after quarterly numbers

By James McCandless

San Antonio, Aug. 7 – More earnings reports continued to take up much of the distressed space as the week progressed on Wednesday.

Frontier Communications Corp.’s notes moved lower despite the company’s topline earnings results.

Sector peer Intelsat SA’s issues improved.

Elsewhere, Teva Pharmaceutical Industries Ltd.’s paper declined after it also released its earnings to the public.

Endo International plc’s and Mallinckrodt plc’s notes skewed negative.

In energy, Denbury Resources Inc.’s issues jumped up after surpassing its earnings estimates.

Meanwhile, Hi-Crush Partners, LP’s paper shifted lower.

Despite oil futures declining, California Resources Corp.’s and Superior Energy Services, Inc.’s notes saw mixed movements.

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