Business · Week of Nov 2, 2026
Q3 earnings: guidance raises, impairments and debt cuts
Third-quarter reports dominated the week, with raised guidance at some companies and impairments, cost programs and debt reduction at others.
Third-quarter results made up the week's releases, and the outcomes split. Pfizer, DiamondRock Hospitality and Matador Resources all raised full-year 2026 guidance. DiamondRock and Matador also increased their dividends, by 22% and 17% respectively. CF Industries reported higher net earnings and sales volumes and continued share repurchases.
Elsewhere, large non-cash charges and balance-sheet repair were the common threads. Charter Communications recorded a $6.3 billion franchise impairment, TELUS an $800 million goodwill impairment tied to TELUS Health, and Beyond Meat $57.1 million in impairment charges. Charter and TELUS each announced cost programs, targeting $2 billion and approximately $900 million in annualized savings. Light & Wonder, Matador and TELUS all said they are prioritizing debt reduction.
Beyond Meat, Inc.
For immediate release
Beyond Meat says third-quarter net revenues fell 8.1% to $64.5 million on a 10.9% volume decline, with a net loss of $82.8 million and gross margin of 19.3%, compared with 7.4% a year earlier. The company expects fourth-quarter 2026 net revenues of approximately $54 million to $59 million and reported debt carrying value of $313.9 million against $169.3 million in cash, including restricted cash.
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. The company says revenues excluding Comirnaty and Paxlovid grew 7% operationally, as Eliquis gains offset a 63% operational drop in Paxlovid.
DiamondRock Hospitality Co
COMPANY CONTACTS
DiamondRock Hospitality says third-quarter net income attributable to common stockholders rose 65.7% to $33.3 million, and Comparable RevPAR rose 6.6% to $226.01. It raised full-year Adjusted EBITDA guidance to $322.0 to $327.0 million and its quarterly dividend by 22% to $0.11, and completed the $31.0 million acquisition of The Bellmoor Inn & Spa 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 down 12%. The company says full-year Consolidated AEBITDA growth is expected toward the lower end of its range, and that it is prioritizing debt reduction over buybacks, with net debt leverage of 3.3x.
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 and 7% higher volumes. It repurchased 3.0 million shares for $367 million and says Blue Point One ammonia production is expected 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 pro forma third-quarter net loss attributable to shareholders of $2.1 billion and a new operating model targeting $2 billion in annualized run-rate operating expense savings over 18 months, in addition to more than $1 billion in anticipated Cox Transactions synergies. Actual net loss was $2.4 billion, driven by a $6.3 billion franchise impairment, and pro forma Spectrum Internet customers declined by 233,000.
Matador Resources Co
MATADOR RESOURCES COMPANY
Matador Resources says third-quarter production averaged 230,470 BOE per day, up 10% and above its guidance midpoint, and net income attributable to shareholders was $172.1 million. It raised full-year production guidance and its annual dividend to $1.75 per share, and says it repaid over $150 million in borrowings in the fourth quarter.
TELUS Corporation
TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy
TELUS reported a third-quarter 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. It announced an efficiency program targeting approximately $900 million in annualized cash savings exiting 2028 and says it will direct proceeds from monetizing TELUS Health and TELUS Agriculture & Consumer Goods toward debt reduction.
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 Standard Wisdom reporting.