MasTec Q3 Earnings Beat Estimates With $150.6M Net Income, Revenue of $5.15B; Guides Full-Year EPS $8.92–$9.30

MasTec Inc. (MTZ) on Thursday reported third-quarter net income of $150.6 million, or $1.89 per share, with adjusted earnings of $2.96 per share, beating the $2.94 average estimate of seven analysts surveyed by Zacks Investment Research. The Coral Gables, Florida-based utility contractor posted revenue of $5.15 billion for the period, exceeding the $4.94 billion forecast of six analysts surveyed by Zacks. MasTec guided full-year earnings in the range of $8.92 to $9.30 per share, with revenue expected to be $18.3 billion.