04:32 AM EDT, 05/03/2024 (MT Newswires) -- MasTec ( MTZ ) reported a Q1 adjusted loss late Thursday of $0.13 per diluted share, narrowing from a loss of $0.54 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.48.

Revenue for the quarter ended March 31 was $2.69 billion, up from $2.58 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.62 billion

For Q2, the company expects adjusted earnings of $0.88 per diluted share on revenue of $3.1 billion. Analysts polled by Capital IQ expect earnings of $0.88 on revenue of $3.16 billion.

The company raised its forecast for 2024 adjusted earnings to $2.95 per diluted share on revenue of $12.55 billion, up from its previous outlook of $2.69 per share on revenue of $12.5 billion. Analysts polled by Capital IQ expect earnings of $2.66 per share on revenue of $12.54 billion.