Investing.com - MasTec reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
MasTec announced earnings per share of $1.34 on revenue of $2.5B. Analysts polled by Investing.com EPS of $1.31 on revenue of $2.55B.
MasTec 's are down 12% and is trading at $77.00 , still down 29.03% from its 52 week high of $104.21 set on Monday, November 8, 2021.
MasTec shares gained 4.11% to trade at $77.00 in after-hours trade the report.
MasTec follows other major Industrials sector earnings this month
MasTec's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.2B, EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $17B, for EPS of $1.14 on revenue of $17.31B.
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