CORAL GABLES, Fla. (AP) — CORAL GABLES, Fla. (AP) — MasTec Inc. (MTZ) on Thursday reported fourth-quarter earnings of $74.7 million.
The Coral Gables, Florida-based company said it had profit of 95 cents per share. Earnings, adjusted for one-time gains and costs, were $1.44 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The utility contractor posted revenue of $3.4 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.32 billion.
For the year, the company reported profit of $162.8 million, or $2.06 per share. Revenue was reported as $12.3 billion.
For the current quarter ending in March, MasTec expects its per-share earnings to be 34 cents.
The company said it expects revenue in the range of $2.7 billion for the fiscal first quarter.
MasTec expects full-year earnings in the range of $5.35 to $5.84 per share, with revenue expected to be $13.45 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTZ at https://www.zacks.com/ap/MTZ
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.