Intelsat improves after earnings release; Frontier mixed, earnings released after close

By James McCandless

San Antonio, July 30 – Trading in the distressed debt market trended upward on Tuesday as the market entered the thick of earnings season.

Intelsat SA notes rose after the company released its Q2 earnings report Tuesday morning with mixed results.

Frontier Communications Corp. issues were mixed during the day as the company posted its Q2 earnings report after market close.

FirstEnergy Solutions Corp. paper jumped up in anticipation of its parent company’s after-market earnings report.

American Tire Distributors notes declined, ending a four-day positive streak as the company commences talks with bondholders.

Community Health Systems, Inc. issues fell. The company released its Q2 earnings report, beating analyst expectations.

Murray Energy Corp. paper dipped. CEO Robert Murray recently called on the federal government to increase protections for the coal industry.

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