MasTec Q1 Profit Down - Quick Facts

(RTTNews) - MasTec, Inc. (MTZ) Thursday reported first-quarter profit of $16.02 million or $0.19 per share, down from $18.37 million or $0.22 per share in the same period last year.

Revenues increased to $964.03 million from $918.65 million last year. Analysts expected revenues of $921.29 million. Looking ahead to the second quarter, the company has forecast adjusted earnings of $0.53 per share, with revenues ranging between $1.15 billion to $1.20 billion. Analysts currently expect the company to earn $0.56 per share on second-quarter revenues of $1.12 billion.

For the fiscal 2014, the company currently projects adjusted earnings in the range of $2.27 to $2.30 per share, with revenues ranging between $4.7 billion and $4.8 billion. The company earlier expected revenues in the order of $4.65 billion to $4.70 billion.

Analysts currently expect the company to report full-year earnings of $2.29 per share on revenues of $4.69 billion.