MasTec (MTZ) Misses Q3 EPS by 7c, Q4 Guidance Trails Views
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MasTec Announces Third Quarter Results
November 3, 2015 5:02 PM ESTCORAL GABLES, Fla., Nov. 3, 2015 /PRNewswire/ --Â MasTec, Inc. (NYSE: MTZ) today announced 2015 third quarter financial results and updated its guidance for the balance of the year.
Third quarter 2015 revenue decreased 15.5% to $1.1 billion compared to $1.3 billion for the prior year quarter. Third quarter 2015 net income from continuing operations was $7.4 million, or $0.09 per diluted share, compared to net income from continuing operations of $49.1 million, or $0.57 per diluted share, for the third quarter of 2014. Third quarter 2015 results include approximately $0.14 per diluted share for non-operating and non-core charges not included in prior year results, composed primarily... More
