MasTec (MTZ) Tops Q2 EPS by 1c, Revenues Miss; Offers FY18 EPS/Revenue Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- S&P 500, Nasdaq drop as tech megacap declines outweigh upbeat Micron forecast
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
MasTec Announces Second Quarter 2018 Financial Results, Record Backlog and Increased Annual Guidance
August 2, 2018 5:05 PM EDTCORAL GABLES, Fla., Aug. 2, 2018 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced second quarter financial results and increased 2018 annual guidance.
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 share, compared to $83.3 million or $0.99 per share in the second quarter of 2017. GAAP results exceeded the Company's previously announced diluted earnings per share expectation by $0.01. Second quarter 2018... More