MasTec Q3 Profit Rises - Quick Facts

(RTTNews) - MasTec Inc. (MTZ) reported that its third-quarter net income attributable to company increased to $46.14 million or $0.54 per share, from $26.82 million or $0.34 per share, last year. Earnings per share from continuing operations was $0.59, compared to $0.45, a year ago. Third-quarter continuing operations adjusted earnings per share, was $0.61.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.60 for the quarter. Analysts' estimates typically exclude special items.

Revenue was up 19% to $1.27 billion, from $1.07 billion, a year ago. Analysts expected revenue of $1.16 billion, for the quarter.

For full year 2013, the company raised its revenue guidance to $4.25 billion and reaffirmed continuing operations adjusted earnings per share guidance to $1.88. Analysts expect the company to report full year profit per share of $1.88 on revenue of $4.17 billion.