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Business · Week of Nov 2, 2026

Guidance raises and telecom cost cuts: the week in Q3 earnings

Eight companies reported third-quarter 2026 results; several raised guidance, while telecoms booked impairments and launched cost-cutting programs.

· Work Update newsroom

Third-quarter 2026 earnings dominated the week. Pfizer, DiamondRock Hospitality and Hecla Mining each raised or improved full-year 2026 guidance. CF Industries reported higher net earnings on increased sales volumes and continued share repurchases. Light & Wonder said full-year Consolidated AEBITDA growth would come in toward the lower end of its range, and it is putting debt reduction ahead of buybacks.

The two telecom operators, Charter Communications and TELUS, both reported net losses driven by large non-cash impairments and both announced efficiency programs. Charter is targeting $2 billion in annualized run-rate operating expense savings over 18 months, and TELUS is targeting about $900 million in annualized cash savings exiting 2028. Deals also featured in several releases: Charter reported its first results including Cox, Brink's expects to close its NCR Atleos acquisition in early January 2027, and DiamondRock completed a resort acquisition.

  1. Hecla Mining Co/De/

    Hecla Reports Third Quarter 2026 Results

    Hecla Mining reported third quarter 2026 income from continuing operations of $150 million, or $0.22 per share, on revenue of $395 million, with record free cash flow of $151 million. The company raised the low end of its 2026 silver production guidance to 15.3 million ounces and said it will cut Keno Hill mill throughput to about 300 tons per day in the fourth quarter while it pursues permit amendments.

  2. 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, and raised full-year revenue guidance to $62.0 to $64.0 billion and Adjusted diluted EPS guidance to $2.95 to $3.05. The company says Paxlovid revenues fell 63% operationally while Eliquis rose 25%, and the quarter included a $650 million charge tied to an agreement with Innovent Biologics, Inc.

  3. DiamondRock Hospitality Co

    COMPANY CONTACTS

    DiamondRock Hospitality reported third quarter 2026 net income attributable to common stockholders of $33.3 million, up 65.7%, with Comparable RevPAR of $226.01, up 6.6%, and raised full-year Adjusted EBITDA guidance to $322.0 to $327.0 million. It also raised 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.

  4. 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 expects FY 2026 Consolidated AEBITDA growth toward the lower end of its range and says it is prioritizing debt reduction, aiming to bring net debt leverage below 3.0x during the first half of 2027.

  5. 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 7% higher. The company 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.

  6. Brinks Co

    BRINKS CO

    Brink's reported third-quarter 2026 revenue of $1,375 million, up 3%, with GAAP EPS down 59% to $0.35 and non-GAAP EPS up 18% to $2.46, after costs including NCR Atleos acquisition expenses and losses from a precious metals robbery and a warehouse flood. The company now expects to close the NCR Atleos acquisition in early January 2027, subject to regulatory approval.

  7. Charter Communications, Inc.

    Charter Announces Third Quarter 2026 Results and Launches New Operating Model

    Charter Communications reported an actual third quarter 2026 net loss attributable to shareholders of $2.4 billion, driven by a $6.3 billion franchise impairment charge, in its first results including the Cox Transactions. The company launched a new operating model targeting $2 billion in annualized run-rate operating expense savings over 18 months, as pro forma Spectrum Internet customers declined by 233,000 and Spectrum Mobile lines rose by 508,000.

  8. TELUS Corporation

    TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy

    TELUS reported a third quarter 2026 net loss of $660 million, driven by an $800 million non-cash goodwill impairment related to TELUS Health, and a 5 per cent decline in Adjusted EBITDA to $1.8 billion. The company announced an efficiency program targeting about $900 million in annualized cash savings exiting 2028 and said it is prioritizing the monetization of TELUS Health and TELUS Agriculture & Consumer Goods to reduce debt.

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 Work Update reporting.