Why MasTec Stock Is Up Today [Yahoo! Finance]
MasTec, Inc. (MTZ)
Last mastec, inc. earnings: 4/30 05:06 pm
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US:NYSE Investor Relations:
mastec.com/en/investors
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Source: Yahoo! Finance
Investors are buying in, sending MasTec shares up 13% as of 11:15 a.m. ET. A turnaround is at hand MasTec is coming off a tough year in 2023. The construction and engineering company endured delays and cancellations to large projects as customers tried to assess the health of the economy, causing MasTec to miss earnings last November The company responded by broadening the services it offers and focusing on priority projects, and those changes appear to be paying off. MasTec lost $0.13 per share in the first quarter on revenue of $2.7 billion, significantly better than the $0.48-per-share loss on sales of $2.6 billion that Wall Street had expected. "Our first quarter results significantly exceeded our expectations, and I expect 2024 to begin the validation of our investment and diversification strategy over the last few years," CEO Jose Mas said in a statement. "I believe that the investments we have made in broadening our service line offerings have placed us at the forefront
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News
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MTZ
Earnings
- 5/2/24 - Beat
MTZ
Sec Filings
- 5/17/24 - Form 8-K
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- MTZ's page on the SEC website