MasTec is trading 15% down at $275.76 today, experiencing sharp post-earnings volatility despite reporting record second-quarter results and raising its full-year outlook.
- Revenue rose 23% to $4.4 billion with a record backlog of $21.4 billion and adjusted EPS of $2.22 for the quarter.
- Management raised full-year adjusted EPS guidance to $9.30, though the stock is facing pressure from profit-taking and repositioning following a strong pre-earnings run.