Dean Foods better despite negative earnings; Mallinckrodt mixed on earnings beat

By James McCandless

San Antonio, May 7 – The distressed space refocused its attention on names tied to earnings releases.

Dean Foods Co.’s notes finished better despite lackluster earnings as the company signals a turnaround.

Meanwhile, Mallinckrodt plc’s issues were mixed after releasing first-quarter earnings on Tuesday morning.

Sector peer Teva Pharmaceutical Industries Ltd.’s paper was also mixed.

Elsewhere, Adient plc’s notes were falling after its own earnings release.

A day after reporting its earnings, Hertz Global Holdings Inc.’s issues were pushing higher during the session.

In oil and gas, California Resources Corp.’s and Ensco Rowan plc’s paper followed oil futures lower as McDermott International, Inc.’s notes gained.

Retailer PetSmart, Inc.’s issues closed the day mixed.

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