California Resources notes mixed on Q3 earnings; American Axle plummets post-earnings

By James McCandless

San Antonio, Nov. 2 –At the end of the week’s trading, the distressed space was fixed on third-quarter results.

California Resources Corp.’s notes were mixed in Friday’s session after the company released its third-quarter earnings report after the Thursday close.

Meanwhile, Sanchez Energy Corp. and Hornbeck Offshore Services, Inc.’s issues were positive again after the companies released their earnings early Thursday.

Other offshore services providers Bristow Group Inc. and Weatherford International plc’s paper saw mixed results.

Elsewhere, American Axle & Manufacturing Holdings, Inc.’s notes tanked after the company missed analysts’ earnings predictions and cut its guidance.

In retail, Rite Aid Corp. and Bed Bath & Beyond Inc.’s issues were active

Hexion Inc.’s paper saw a drop, continuing a nine-day negative streak.

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