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MasTec reported Q2 earnings of 96 cents, beating estimates of 87 cents. Revenue of $2.961 billion missed estimates of $3.092 billion. Record backlog and a new transmission project signal strong future growth. 2024 revenue forecast adjusted to $12.4 billion, near analyst expectations. Analysts maintain Buy ratings with slightly raised price targets.
- MasTec reported Q2 earnings of 96 cents, beating estimates of 87 cents.
- Revenue of $2.961 billion missed estimates of $3.092 billion.
- Record backlog and a new transmission project signal strong future growth.
- 2024 revenue forecast adjusted to $12.4 billion, near analyst expectations.
- Analysts maintain Buy ratings with slightly raised price targets.
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