Business · Week of Nov 2, 2026
Guidance raises and cost cuts mark Q3 earnings: the week in business
Third-quarter earnings dominated the week, with several companies raising guidance while others cut costs, reduced output or prioritized debt reduction.
Third-quarter 2026 results made up the week's releases, and several issuers raised their outlooks. Pfizer lifted its full-year revenue guidance to $62.0 to $64.0 billion, Matador Resources raised its 2026 production guidance and its annual dividend, and Hecla Mining raised the low end of its silver production guidance after reporting record free cash flow of $151 million. Genco Shipping & Trading declared a $1.05 per share dividend as voyage revenues nearly doubled year over year.
Balance sheets and restructuring were the other recurring theme. Light & Wonder said it is prioritizing debt reduction over share buybacks, Matador repaid over $150 million in borrowings, and Charter Communications, reporting its first results including Cox Communications, launched a new operating model targeting $2 billion in annualized run-rate operating expense savings. Beyond Meat reported lower revenue alongside impairment charges, while Brink's said it now expects to close its NCR Atleos acquisition in early January 2027.
Hecla Mining Co/De/
Hecla Reports Third Quarter 2026 Results
Hecla Mining reported third-quarter 2026 revenue of $395 million and income from continuing operations of $150 million, or $0.22 per share, with record free cash flow of $151 million, and raised the low end of its 2026 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 of 2026, 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 and a net loss of $82.8 million, while gross margin rose to 19.3% from 7.4% a year earlier. The quarter included $57.1 million in non-cash impairment charges, and the company expects fourth-quarter 2026 net 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, 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.
Light & Wonder, Inc.
Light & Wonder, Inc.
Light & Wonder reported third-quarter revenue of $824 million, down 2%, and net income up 17% to $133 million, with iGaming revenue up 13% and SciPlay revenue down 12%. The company now expects full-year 2026 Consolidated AEBITDA growth toward the lower end of its range and says it is prioritizing debt reduction over buybacks, targeting net debt leverage below 3.0x during the first half of 2027.
Brinks Co
BRINKS CO
Brink's reported third-quarter 2026 revenue of $1,375 million, up 3%, with GAAP EPS falling 59% to $0.35 and non-GAAP EPS rising 18% to $2.46, after excluding $45.7 million in NCR Atleos acquisition and transformation costs and $26.6 million of incident-related losses. The company now expects to close the NCR Atleos acquisition in early January 2027, subject to regulatory approval.
Charter Communications, Inc.
Charter Announces Third Quarter 2026 Results and Launches New Operating Model
Charter Communications reported an actual net loss attributable to shareholders of $2.4 billion, driven by a $6.3 billion franchise impairment charge, in its first results including Cox Communications, and pro forma Spectrum Internet customers fell by 233,000. The company announced 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.
Matador Resources Co
MATADOR RESOURCES COMPANY
Matador Resources reported third-quarter 2026 net income attributable to shareholders of $172.1 million, or $1.39 per diluted share, with production of 230,470 BOE per day, up 10% and above guidance, and raised its full-year production guidance. The company raised its annual dividend 17% to $1.75 per share and says it repaid over $150 million in borrowings, expecting leverage to approach 1.5x by year-end 2026.
Genco Shipping & Trading Ltd
GENCO SHIPPING & TRADING LIMITED ANNOUNCES
Genco Shipping & Trading reported third-quarter 2026 net income of $38.0 million, compared with a net loss of $1.1 million a year earlier, as voyage revenues rose to $151.9 million and average daily TCE reached $27,539. The company declared a $1.05 per share dividend, its 29th consecutive quarterly payout, payable on or about November 23, 2026 to holders of record as of November 16, 2026, and projects a Q4 2026 dividend above $1 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 Pod Dispatch reporting.