CORAL GABLES, Fla.—Industrial contractor MasTec Inc. reiterated its 2008 financial targets after first-quarter earnings matched Wall Street expectations.
MasTec late Tuesday said it expects profit from continuing operations between 85 cents and 90 cents per share on revenue between $1.13 billion and $1.16 billion. The profit figure excludes any costs related to lawsuits at companies MasTec has acquired.
Analysts expect full-year profit of 86 cents per share and revenue of $1.13 billion, according to Thomson Financial.
MasTec shares rose 47 cents, or 6 percent, to $8.25 in afternoon trading.
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