MasTec Expects Lower Level Of Clean Energy And Infrastructure Segment's Activity In Q4; Says Experienced Lower Than Anticipated Revenue In Its Communications And Power Delivery Segments
Portfolio Pulse from Benzinga Newsdesk
MasTec has announced that it expects a lower level of activity in its Clean Energy and Infrastructure segment in Q4. The company also reported lower than anticipated revenue in its Communications and Power Delivery segments.
October 31, 2023 | 9:23 pm
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MasTec's announcement of lower than expected activity and revenue in several segments may negatively impact its stock price in the short term.
MasTec's announcement of lower than expected activity and revenue in its Clean Energy and Infrastructure, Communications, and Power Delivery segments indicates a potential decrease in profitability. This could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
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