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MasTec: Q2 Earnings Snapshot
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CORAL GABLES, Fla. (AP) — CORAL GABLES, Fla. (AP) — MasTec Inc. (MTZ) on Thursday reported second-quarter net income of $130.1 million.

On a per-share basis, the Coral Gables, Florida-based company said it had profit of $1.65. Earnings, adjusted for one-time gains and costs, were $2.22 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.

The utility contractor posted revenue of $4.37 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $4.3 billion.

For the current quarter ending in September, MasTec expects its per-share earnings to be $2.98.

The company said it expects revenue in the range of $4.93 billion for the fiscal third quarter.

MasTec expects full-year earnings to be $9.30 per share, with revenue expected to be $18.2 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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