Some companies reportedly have decided to delay their earnings reports as Hurricane Sandy heads for the East Coast and the major U.S. markets are close today, and possibly Tuesday.
According to Marketwatch:
- Pfizer Inc. (NYSE: PFE) will report quarterly results on Thursday instead of Tuesday.
- Entergy Corp. (NYSE: ETR) has pushed back its report from Tuesday to Nov. 5.
- NRG Energy Inc. (NYSE: NRG) will share its most recent results on Friday instead of Wednesday.
- Thomson Reuters (NYSE: TRI) has postponed its earnings report to Friday from Tuesday.
Hurricane Sandy also has prompted the cancellation of thousands of flights into and out of the U.S. Northeast, and the New York City subway system began to close down Sunday evening at 7 p.m. Up to 284,000 homes are expected to be damaged, with an aggregate value of $88 billion. Overall, Hurricane Sandy may cost insurers more than $3 billion.