Movement Alert｜MasTec Intraday Rise 5.72% in Regular Trading, Q3 Revenue and Adjusted EPS Beat Expectations

Market Focus10-30 22:16

On October 30, MasTec rose 5.72% in Regular Trading, trading at $186.09 per share, with turnover of $119 million.

The move followed the company’s latest quarterly results, which showed third-quarter adjusted EPS of $2.96, slightly above the $2.95 consensus, while revenue reached $5.152 billion, ahead of the $4.940 billion expectation and up from $3.97 billion a year earlier.

For the full year, MasTec guided adjusted EPS to $8.92-$9.30 versus the $9.27 market expectation. That outlook suggests the stock is being repriced between a clear quarterly beat and a still-cautious full-year range, with the latest session action favoring the stronger near-term operating performance.

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