Weatherford down as company delays earnings; Dean Foods moves higher; CHS paper rises

By James McCandless

San Antonio, May 8 – Wednesday in the distressed space saw continued focus on earnings-related names.

Weatherford International plc’s notes moved down after the company announced a delay in releasing its first-quarter earnings.

Meanwhile, as oil futures improved, California Resources Corp.’s issues also gained as Ensco Rowan plc’s paper closed mixed and Chaparral Energy, Inc.’s notes fell.

Elsewhere, Dean Foods Co.’s issues continued to trend higher after Tuesday’s earnings release.

In health care, Community Health Systems, Inc.’s paper rose as the company signals an end to its continuous asset sales.

Drug maker Mallinckrodt plc’s notes finished mixed a day after its earnings release.

Retailer PetSmart, Inc.’s issues were headed lower throughout the day.

Neiman Marcus Group, Inc.’s paper improved elsewhere in the retail sector.

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