MasTec (MTZ) Stock Rises After Strong Earnings and Guidance Increase
MasTec (MTZ) has seen a significant rise in its stock price, up nearly 80% year-to-date, following a strong quarterly earnings report that exceeded expectations. The company has also raised its full-year guidance, driven by a robust backlog in government, communications, and energy projects. However, revenue growth remains weak, which could be a concern moving forward.