MasTec (MTZ) Misses Q2 EPS by 5c; Issues Light Q3 Outlook
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MasTec Announces Second Quarter Results
August 17, 2015 4:35 PM EDTCORAL GABLES, Fla., Aug. 17, 2015 /PRNewswire/ --Â MasTec, Inc. (NYSE: MTZ) today announced 2015 second quarter financial results and updated its guidance for the balance of the year.
Second quarter 2015 revenue decreased 3.7% to $1.07 billion from $1.1 billion in the prior year quarter. The quarterly revenue change was primarily composed of revenue declines in the Electrical Transmission and Communications segments, partially offset by revenue increases in the Oil & Gas and Power Generation & Industrial segments. Second quarter 2015 net loss from continuing operations was $3.8 million, or $0.05 per diluted share, compared to net income from continuing operations... More
