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Business · Week of Nov 2, 2026

Guidance raises and telecom cost cuts: the week in business

Third-quarter earnings dominated, with several companies raising guidance while telecoms Charter and TELUS booked impairments and unveiled cost programs.

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Earnings reports made up the week. Pfizer, Hagerty and Marriott Vacations Worldwide each raised full-year 2026 guidance, and Hecla Mining improved its silver production and cost guidance. Sysco reaffirmed its fiscal 2027 adjusted EPS growth target but said sales growth would come in at the lower end of its range.

Telecom operators reported losses tied to non-cash charges and responded with savings plans. Charter Communications recorded a $6.3 billion franchise impairment and set a $2 billion run-rate opex savings target, while TELUS took an $800 million goodwill impairment on TELUS Health and announced a program targeting about $900 million in annualized cash savings. Acquisition costs also weighed on GAAP results at Brink's, which is buying NCR Atleos, and at Sysco, which cited costs related to Jetro Restaurant Depot.

  1. 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 2026 silver production guidance to 15.3 million ounces. The company also said it will cut Keno Hill mill throughput to about 300 tons per day in the fourth quarter while it pursues permit amendments, with further suppression expected from January 2027.

  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. 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, and said it now expects to close its NCR Atleos acquisition in early January 2027. Excluded costs included $45.7 million for NCR Atleos acquisition and transformation initiatives and $26.6 million of incident-related losses, including a September 2026 precious metals robbery.

  4. Charter Communications, Inc.

    Charter Announces Third Quarter 2026 Results and Launches New Operating Model

    Charter reported a pro forma third quarter 2026 net loss attributable to shareholders of $2.1 billion, its first results including Cox Communications, and an actual net loss of $2.4 billion driven by a $6.3 billion franchise impairment. The company launched a new operating model that it says is designed to return it to growth, targeting $2 billion in annualized run-rate operating expense savings over 18 months, as pro forma Spectrum Internet customers fell by 233,000.

  5. 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 pre-tax 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.

  6. Hagerty

    Hagerty Reports Third Quarter 2026 Results; Increases 2026 Growth Outlook

    Hagerty reported third quarter 2026 Net Income of $36 million and Adjusted EBITDA of $97 million, up 64%, with Written Premium up 16% and Total Revenue down 9%, which it attributes to the transition to the Markel Fronting Arrangement. The company raised full-year 2026 guidance to Net Income of $48 million–$60 million and Adjusted EBITDA of $305 million–$315 million.

  7. MARRIOTT VACATIONS WORLDWIDE Corp

    MARRIOTT VACATIONS WORLDWIDE Corp

    Marriott Vacations Worldwide reported third-quarter 2026 contract sales up 29% to $565 million and net income attributable to common stockholders of $82 million, compared with a $2 million loss a year earlier. The company raised the midpoint of full-year contract sales and Adjusted EBITDA guidance to $2,130 million and $820 million, including an estimated $16 million adverse impact from Hurricane Lowell.

  8. Sysco Corp

    SYSCO REPORTS FIRST QUARTER 2027 RESULTS;

    Sysco reported first-quarter fiscal 2027 sales up 2.8% to $21.7 billion and net earnings up 10.5% to $526 million, while operating income fell 10.4% to $717 million, which it attributed to acquisition costs related to Jetro Restaurant Depot. The company reaffirmed adjusted EPS growth guidance of 9%-11%, now expects sales growth at the lower end of its 6%-7% range, and says guidance includes an expected $100 million in net cost savings enabled by AI technology.

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 Business News Talks reporting.