MasTec Inc. (MTZ) reported fourth quarter adjusted net income of $0.15 per share after the close Wednesday, which beat the consensus estimate of $0.14. First quarter EPS is expected to be between $0.15 and $0.17, compared to the consensus estimate of $0.17.
MasTec Inc. climbed during the first half hour of trade Thursday and extended its gains around midday. The stock closed higher by 2.11 at $19.70 on above average volume. MasTec broke out to a 4-month high Thursday and re-crossed its 200-day moving average.
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