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Cranberry Journal

Thursday, October 22, 2026

Also in this edition
Markets
  • S&P 5007,666.89−1.16%
  • Nasdaq26,136.42−2.12%
  • Dow52,779.33−0.14%
  • 10-yr yield5.01%−2.70%
  • Crude$98.40+1.29%
At the close · Oct 22

Free Cash Flow

Tagged stories

An orange AT&T warning sign on a post among bare branches, reading Warning, buried fiber optic cable in this vicinity.
Business

AT&T Took a $2.6 Billion Charge on the Mexican Business It Agreed to Sell for $2 Billion. GAAP Earnings Fell to $0.13 a Share; Adjusted Earnings Rose to $0.65.

AT&T said on Wednesday 21 October that third-quarter revenue rose 5.3 per cent to $32.3 billion and adjusted earnings rose to $0.65 a share from $0.54. GAAP earnings from continuing operations were $0.13 a share after a $2.6 billion non-cash impairment on AT&T Mexico, which it agreed on 13 October to sell. AT&T raised its 2026 adjusted EPS outlook, lowered its capital investment outlook and kept its plan for $24 billion or more of buybacks through 2028.

By Thomas Gutierrez  

A modern building clad in metal panels with the IBM logo above its entrance, a bare tree and a glass tower in front, under a grey sky.
Technology

IBM's Software Revenue Grew 8 Per Cent While Consulting Was Flat. GAAP Earnings Rose 26 Per Cent, Against a Year-Earlier Quarter Cut by a $309 Million Tax Charge.

IBM said on Wednesday 21 October that third-quarter revenue rose 5 per cent to $17.1 billion, or 6 per cent at constant currency, with Software up 8 per cent and Consulting flat. GAAP earnings from continuing operations rose 26 per cent to $2.31 a share and operating earnings 11 per cent to $2.95. IBM held its 4 to 5 per cent revenue outlook and now expects free cash flow to rise by more than $1 billion this year.

By Alison Acosta  

A large grey Texas Instruments sign with the red company logo on a flowered planter beside a tree-lined road, with the address 12500 TI Blvd.
Markets

Texas Instruments' Revenue Rose 28 Per Cent and Its Guide Is Flat at the Midpoint. Federal Chip Grants Supplied $1.1 Billion of Its $8.4 Billion Free Cash Flow.

Texas Instruments said on Wednesday 21 October that third-quarter revenue rose 28 per cent to $6.06 billion and earnings rose 77 per cent to $2.62 a share. It guided fourth-quarter revenue to $5.80 billion to $6.30 billion, a midpoint level with the third quarter. Trailing 12-month free cash flow was $8.42 billion, including $1.10 billion of CHIPS Act incentive proceeds.

By Daniel Okafor  

An aerial view of a long white factory building with a red stripe and solar panels on its roof, beside a large car park, in a desert valley with snow-capped hills behind.
Technology

Tesla Spent $4.73 Billion on Capital Projects Against a Forecast of $7.94 Billion. It Has Cut This Year's Budget to $20 Billion From More Than $25 Billion.

Tesla said on Wednesday 21 October that third-quarter capital spending was $4.73 billion and free cash flow was positive $1.53 billion, against S&P Global Market Intelligence forecasts of $7.94 billion and negative $4.09 billion. On the earnings call it cut its 2026 capital spending guidance to about $20 billion from more than $25 billion. Revenue was flat at $28.05 billion and GAAP operating income fell 55.8 per cent.

By Alison Acosta  

A B-2 stealth bomber in flight against a blue sky, its fuselage lit by the sun.
Business

Northrop Grumman's Backlog Hit a Record $109.6 Billion. Its Cash Forecast Needs at Least $2.1 Billion in the Fourth Quarter, Less Than Last Year's $3.2 Billion.

Northrop Grumman said on Tuesday 20 October that third-quarter sales rose 7 per cent to $11.1 billion and backlog reached a record $109.6 billion on $16.4 billion of net awards, a book-to-bill ratio of 1.5. It raised its 2026 earnings outlook to $29.35-$29.75 a share and left its sales and cash flow ranges unchanged.

By Margaret Holloway