Business · Week of Nov 2, 2026
Guidance raises and cost cuts mark Q3 earnings: the week in business
Eight companies reported third-quarter 2026 results; several raised full-year guidance or dividends, while others cut costs, output or debt.
Third-quarter earnings dominated the week. Pfizer, DiamondRock Hospitality, Matador Resources and Hecla Mining each raised full-year 2026 guidance, and shareholder returns featured prominently: DiamondRock lifted its quarterly dividend by 22%, Matador raised its annual dividend 17%, and CF Industries repurchased $367 million of stock and declared a $0.60 quarterly dividend.
Balance sheets and restructuring were the other thread. Light & Wonder says it is prioritizing debt reduction over buybacks, Matador repaid over $150 million in borrowings, and Charter, in its first results including Cox Communications, launched a new operating model targeting $2 billion in annualized savings after a $6.3 billion franchise impairment. Beyond Meat reported lower revenue and $57.1 million in impairment charges, and Hecla said it will cut Keno Hill mill throughput pending permit amendments.
Hecla Mining Co/De/
Hecla Reports Third Quarter 2026 Results
Hecla Mining reported third quarter 2026 revenue of $395 million, income from continuing operations of $150 million, or $0.22 per share, and record free cash flow of $151 million, and raised the low end of its silver production guidance to 15.3 million ounces. The company also says it will cut Keno Hill mill throughput to about 300 tons per day in the fourth quarter, with further suppression expected from January 2027, until permit amendments are received.
Beyond Meat, Inc.
For immediate release
Beyond Meat reported third-quarter net revenues down 8.1% to $64.5 million on a 10.9% volume decline, a net loss of $82.8 million, and gross margin of 19.3% versus 7.4% a year earlier. The company had $169.3 million in cash and $313.9 million in debt carrying value as of September 26, 2026, and expects fourth quarter revenues of approximately $54 million to $59 million.
Pfizer Inc
Pfizer Reports Strong Third-Quarter 2026 Results And Raises 2026 Guidance
Pfizer reported third-quarter 2026 revenues of $16.6 billion and Adjusted diluted EPS of $0.87, with revenues excluding Comirnaty and Paxlovid up 7% operationally. It raised full-year revenue guidance to $62.0 to $64.0 billion and Adjusted diluted EPS guidance to $2.95 to $3.05, as Paxlovid revenues fell 63% operationally and Eliquis rose 25%.
DiamondRock Hospitality Co
COMPANY CONTACTS
DiamondRock Hospitality reported third quarter net income attributable to common stockholders of $33.3 million, up 65.7%, Comparable RevPAR of $226.01, up 6.6%, and raised full-year Adjusted EBITDA guidance to $322.0 to $327.0 million. The company increased its quarterly dividend by 22% to $0.11 per share and acquired The Bellmoor Inn & Spa in Rehoboth Beach, Delaware, for $31.0 million on October 1, 2026.
Light & Wonder, Inc.
Light & Wonder, Inc.
Light & Wonder reported third quarter revenue of $824 million, down 2%, and net income of $133 million, up 17%, with iGaming revenue up 13% and SciPlay revenue down 12%. The company says full-year Consolidated AEBITDA growth is expected toward the lower end of its range, and it repurchased no shares in the quarter as it prioritizes cutting net debt leverage from 3.3x to below 3.0x in the first half of 2027.
CF Industries Holdings, Inc.
CF Industries Holdings, Inc.
CF Industries reported third quarter 2026 net earnings of $436 million, or $2.87 per diluted share, on net sales of $1.86 billion, with sales volumes up 7%. It repurchased 3.0 million shares for $367 million, declared a $0.60 quarterly dividend, and expects Blue Point One ammonia production to begin in 2029 at a cost of approximately $3.7 billion.
Charter Communications, Inc.
Charter Announces Third Quarter 2026 Results and Launches New Operating Model
Charter reported a third quarter actual net loss attributable to shareholders of $2.4 billion, driven by a $6.3 billion franchise impairment, in its first results including the Cox Transactions, with pro forma Spectrum Internet customers down 233,000 and Spectrum Mobile lines up 508,000. The company launched a new operating model it says is designed to return it to growth, targeting $2 billion in annualized run-rate operating expense savings over 18 months on top of more than $1 billion in anticipated Cox synergies.
Matador Resources Co
MATADOR RESOURCES COMPANY
Matador Resources reported third quarter 2026 average production of 230,470 BOE per day, up 10% and above its guidance midpoint, and net income attributable to shareholders of $172.1 million, and raised full-year production guidance. The company says it repaid over $150 million in borrowings in the fourth quarter, expects leverage to approach 1.5x by year-end, and raised its annual dividend to $1.75 per share.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not AdPowerLine reporting.