MasTec Shares Sink 17.7% After $4.37 Billion Q2 Misses Street EPS, Guidance
Updated
Updated · Yahoo Finance · Aug 1
MasTec Shares Sink 17.7% After $4.37 Billion Q2 Misses Street EPS, Guidance
3 articles · Updated · Yahoo Finance · Aug 1
Summary
MasTec shares fell 17.7% after investors zeroed in on a slight earnings miss and weaker-than-expected full-year outlook despite strong second-quarter sales growth.
Revenue rose 23.4% to $4.37 billion and narrowly beat estimates, but adjusted EPS came in at $2.22 versus Wall Street's $2.23 consensus.
Full-year adjusted EPS guidance was lifted to a $9.30 midpoint, yet that still trailed analysts' projections and drove the sell-off.
At $266.49, the stock is still up 17.1% this year but remains 39.1% below its May 2026 52-week high of $437.51.