MasTec: Q3 Earnings Snapshot

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CORAL GABLES, Fla. (AP) — CORAL GABLES, Fla. (AP) — MasTec Inc. (MTZ) on Thursday reported third-quarter earnings of $95.2 million.

The Coral Gables, Florida-based company said it had net income of $1.21 per share. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The utility contractor posted revenue of $3.25 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $3.43 billion.

For the current quarter ending in December, MasTec expects its per-share earnings to be $1.29.

The company said it expects revenue in the range of $3.33 billion for the fiscal fourth quarter.

MasTec expects full-year earnings to be $3.75 per share, with revenue expected to be $12.23 billion.

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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