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MasTec (MTZ) Stock Soars on Better-Than-Expected Q2, Guidance

NEW YORK (TheStreet) -- Shares of MasTec (MTZ) were soaring 16.13% to $28.30 on heavy trading volume late Friday afternoon after reporting better-than-expected earnings and revenue for the 2016 second quarter and hiking its full-year guidance.

After yesterday's market close, the Coral Gables, FL-based infrastructure construction company reported adjusted earnings of 36 cents per share, topping analysts' estimates of 22 cents per share.

Revenue climbed 15.5% year-over-year to $1.23 billion and beat analysts' expectations of $1.16 billion.

For the full year, MasTec now expects to report revenue of $5 billion vs. its past estimate of a range...