MasTec: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 03:00 AM ET
Last Updated - Aug 02, 2024, 03:00 AM EDT
CORAL GABLES, Fla. (AP) — CORAL GABLES, Fla. (AP) — MasTec Inc. (MTZ) on Thursday reported second-quarter profit of $34 million.
On a per-share basis, the Coral Gables, Florida-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, were 96 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The utility contractor posted revenue of $2.96 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.09 billion.
