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MasTec Analysts Increase Their Forecasts After Better-Than-Expected Earnings

MasTec, Inc. (NYSE:MTZ) reported better-than-expected second-quarter adjusted earnings results, after the closing bell on Thursday. MasTec reported quarterly earnings of 96 cents per share which beat the analyst consensus estimate of 87 cents per share. The company reported quarterly sales of $2.961 billion which missed the analyst consensus estimate of $3.092 billion, according to data from Benzinga Pro. Jose Mas, MasTec’s Chief Executive Officer, commented “We are pleased with our solid second quarter performance, and expect to build on this momentum during the balance of 2024 and in 2025. Our record backlog in multiple segments illustrates the confidence our customers have in MasTec to partner on their strategic capital ...