MasTec Q4 Profit Rises - Quick Facts

(RTTNews) - MasTec Inc. (MTZ) Thursday reported fourth-quarter net income of $41.5 million or $0.54 per share, up from $36.3 million or $0.48 per share last year.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.52 for the quarter. Analysts' estimates typically exclude special items.

Revenue for the fourth quarter rose 24 percent to $1.16 billion from $932.4 million last year, driven by strong revenue growth across most segments. Analysts estimated revenues of $1.09 billion for the quarter.

For the full year 2014, the company currently estimates revenue of about $4.65 to $4.7 billion and adjusted earnings from continuing operations of $2.27 to $2.30 per share. Analysts currently estimate earnings of $2.26 per share on revenues of $4.69 billion.

For the first quarter, the company expects revenues of about $920 million with adjusted earnings from continuing operations of about $0.20 per share. Analysts currently estimate earnings of $0.38 per share on revenues of $1.04 billion.