Key Network ReachCompany and industry announcements

Business · Week of Nov 2, 2026

Hotel REITs and Pfizer lift outlooks: the week in Q3 earnings

Third-quarter earnings dominated the week, with hotel REITs, Pfizer and Matador raising 2026 guidance while others focused on cutting debt.

· Key Network Reach newsroom

Third-quarter 2026 results made up the week's releases, and several companies raised full-year outlooks. Host Hotels & Resorts and DiamondRock Hospitality both reported RevPAR growth, raised 2026 guidance and announced hotel acquisitions. Pfizer raised revenue and Adjusted diluted EPS guidance, and Matador Resources raised production guidance along with its dividend.

Debt reduction was a second common thread. Light & Wonder says it is prioritizing deleveraging over buybacks, Matador says it repaid over $150 million in borrowings in October, and TELUS says proceeds from monetizing TELUS Health and TELUS Agriculture & Consumer Goods will go toward debt. Large non-cash charges weighed on reported results at TELUS, Beyond Meat and Brink's, whose GAAP figures diverged sharply from adjusted measures.

  1. Host Hotels & Resorts, Inc.

    HOST HOTELS & RESORTS, INC.

    Host Hotels & Resorts reported third-quarter comparable hotel RevPAR up 8.8% to $219.50 and net income down 56.4% to $71 million, which it attributes to lower gains on asset sales. After quarter end it acquired the 1 Hotel Brooklyn Bridge for $202 million and the Renaissance Dallas at Plano Legacy West Hotel for $172 million, amended its $2.5 billion credit facility, and raised full-year guidance to about 6.75% RevPAR growth.

  2. 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, with a net loss of $82.8 million compared with $97.0 million a year earlier, while gross margin rose to 19.3% from 7.4%. The company expects fourth-quarter net revenues of approximately $54 million to $59 million and held $169.3 million in cash against debt with a carrying value of $313.9 million.

  3. Pfizer Inc

    Pfizer Reports Strong Third-Quarter 2026 Results And Raises 2026 Guidance

    Pfizer reported third-quarter revenues of $16.6 billion, relatively flat operationally, and Adjusted diluted EPS of $0.87; excluding Comirnaty and Paxlovid, revenues grew 7% operationally. It raised 2026 revenue guidance to $62.0 to $64.0 billion and Adjusted diluted EPS guidance to $2.95 to $3.05, despite a $650 million Acquired In-Process R&D charge tied to Innovent Biologics.

  4. DiamondRock Hospitality Co

    COMPANY CONTACTS

    DiamondRock Hospitality reported third-quarter net income attributable to common stockholders of $33.3 million, up 65.7%, and Comparable RevPAR of $226.01, up 6.6%. The company raised its quarterly dividend 22% to $0.11 per share, acquired The Bellmoor Inn & Spa for $31.0 million on October 1, 2026, and raised full-year Adjusted EBITDA guidance to $322.0 to $327.0 million.

  5. 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 now expects full-year Consolidated AEBITDA growth toward the lower end of its range and says it is prioritizing debt reduction, with net debt leverage of 3.3x and a target below 3.0x in the first half of 2027.

  6. Brinks Co

    BRINKS CO

    Brink's reported third-quarter 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 $45.7 million tied to NCR Atleos 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.

  7. Matador Resources Co

    MATADOR RESOURCES COMPANY

    Matador Resources reported third-quarter production of 230,470 BOE per day, up 10% and above its guidance midpoint, and net income attributable to shareholders of $172.1 million. It raised full-year production guidance, raised its annual dividend 17% to $1.75 per share, and says it expects leverage to approach 1.5x by year-end 2026 after repaying over $150 million in borrowings.

  8. 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. The company announced an efficiency program targeting approximately $900 million in annualized cash savings exiting 2028 and reaffirmed its 2026 guidance.

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 Key Network Reach reporting.