Infrastructure construction company MasTec (NYSE:MTZ) fell short of analysts’ expectations in Q2 CY2024, with revenue up 3% year on year to $2.96 billion. On the other hand, the company expects next quarter’s revenue to be around $3.45 billion, in line with analysts’ estimates. It made a non-GAAP profit of $0.96 per share, improving from its profit of $0.20 per share in the same quarter last year.
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MasTec (MTZ) Q2 CY2024 Highlights:
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Revenue: $2.96 billion vs analyst estimates of $3.09 billion (4.2% miss)
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EPS (non-GAAP): $0.96 vs analyst estimates of $0.87 (10.5% beat)
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Revenue Guidance for Q3 CY2024 is $3.45 billion at the midpoint, roughly in line with what analysts were expecting
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The company dropped its revenue guidance for the full year from $12.55 billion to $12.4 billion at the…
