Teva notes drop after Q4 profit loss; Diebold issues surge after revenue tops expectations

By James McCandless

San Antonio, Feb.13 – The distressed space continued to be wrapped up in earnings releases in Wednesday’s session.

Teva Pharmaceutical Industries Ltd.’s notes dropped after the company reported a loss for the fourth quarter.

Meanwhile, Diebold Nixdorf, Inc.’s issues surged after surprising the market with positivity in its earnings report.

Oil and gas name McDermott International, Inc.’s paper fell as the company prepares to incur a large accounting charge stemming from cost overruns on one of its projects.

Bristow Group Inc.’s notes continued to decline as the company reels from Monday’s poor earnings release and acquisition termination.

Another day of improving oil futures served as a backdrop for mixed results for California Resources Corp.’s issues and gains for Hornbeck Offshore Services, Inc.and Alta Mesa Resources, Inc.’s paper.

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