MasTec Announces Second Quarter 2018 Financial Results, Record Backlog and Increased Annual Guidance
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MasTec (MTZ) Tops Q2 EPS by 1c, Revenues Miss; Offers FY18 EPS/Revenue Outlook
August 2, 2018 5:13 PM EDTMasTec (NYSE: MTZ) reported Q2 EPS of $1.04, $0.01 better than the analyst estimate of $1.03. Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $1.79 billion.
Second quarter 2018 revenue was $1.62 billion, a 14% decrease compared with $1.89 billion for the same period last year, primarily due to expected timing variances in large project activity in the Oil & Gas segment. GAAP net income was $80.4 million, or $1.01 per diluted... More