Mattel higher after beating earnings estimates; Tata Motors lower as Jaguar disappoints

By James McCandless

San Antonio, Feb. 8 – The end of the week in the distressed market was marked by more earnings releases.

Mattel, Inc.’s notes were rising after the company showed a profit in its fourth-quarter earnings report.

Sector peer L Brands, Inc.’s issues were mixed while J.C. Penney Co., Inc.’s paper gained.

Meanwhile, Tata Motors Ltd.’s notes declined after it reported a $3.9 billion loss.

Elsewhere, Adient plc’s issues continued to drop a day after the company released its negative earnings report.

In energy, Rowan Cos. plc’s paper fell amid the company announcing that proxy advisers recommended that shareholders vote yes on a merger with Ensco.

Despite gaining oil futures, California Resources Corp.’s notes were mixed as Hi-Crush Partners LP’s issues fell.

PG&E’s paper saw a boost in the utilities sector.

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