MasTec: Q3 Earnings Snapshot
CORAL GABLES, Fla. (AP) — CORAL GABLES, Fla. (AP) — MasTec Inc. (MTZ) on Thursday reported third-quarter earnings of $160.7 million.
On a per-share basis, the Coral Gables, Florida-based company said it had net income of $2.04. Earnings, adjusted for one-time gains and costs, came to $2.48 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.
The utility contractor posted revenue of $3.97 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $3.9 billion.
MasTec expects full-year earnings to be $6.40 per share, with revenue expected to be $14.08 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTZ at https://www.zacks.com/ap/MTZ