DISH Network falls after earnings report, subscriber loss; Sanchez Energy slides

By James McCandless

San Antonio, May 8 – The distressed debt market experienced another day of low activity on Tuesday, according to traders.

DISH Network Corp. notes took multi-point falls after the company reported disappointing earnings and falling subscriber numbers.

Sanchez Energy Corp. issues dropped after the company reported an earnings loss for Q1 where analysts expected a profit.

Mallinckrodt plc paper traded up after the company posted its Q1 report, beating earnings and revenue estimates.

Intelsat SA notes were up. Last Tuesday, the company posted a disappointing Q1 report. Frontier Communications Corp. issues were mixed. Last week, the company surprised analysts with a better than expected Q1 report. PetSmart, Inc. paper was mixed.

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