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Frankenstorm Sandy Causes Some Companies to Postpone Earnings Reports

“NEW YORK (AP) — With Hurricane Sandy bearing down on the East Coast Monday, a number of major U.S. companies have postponed quarterly earnings as financial markets shut down for the first time since 2001.

Acorda Therapeutics Inc., Pfizer Inc., Thomson Reuters and NRG Energy Inc. have already delayed earnings reports. Pfizer and NRG Energy made the decision early, as they were not set to report earnings until Tuesday and Wednesday, respectively.

Acorda will now announce its third-quarter results on Wednesday, while Pfizer and Radian Group Inc. will now report earnings on Thursday. Thomson Reuters and NRG Energy will report their third-quarter results on Friday. Entergy Corp. will report on Nov. 5.”

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