MasTec, Inc. (MTZ) Thursday said first-quarter profit increased to $18.37 million or $0.22 per share from $14.17 million or $0.17 per share in the same period last year. Income from continuing operations totaled $19.32 million or $0.23 per share, up from $11.70 million or $0.14 per share last year.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $918.65 million from $738.26 million last year. Analysts expected revenues of $854.87 million.
For the second quarter, the company has forecast earnings of $0.42 per share and revenues of approximately $950 million. Analysts currently expect the company to earn $0.48 per share on revenues of $1.03 billion.
Looking ahead to the fiscal 2013, the company currently projects earnings at $1.80 per share, with revenues in the upper end of the prior guidance range, at $4.0 billion. Analysts currently expect the company to report full-year earnings of $1.83 per share on revenues of $4.01 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.