Parsons: 4Q Earnings Snapshot

CENTREVILLE, Va. (AP) _ Parsons Corp. (PSN) on Wednesday reported fourth-quarter profit of $21.6 million.

The Centreville, Virginia-based company said it had profit of 21 cents per share. Earnings, adjusted for one-time gains and costs, came to 51 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The software and infrastructure services provider posted revenue of $964.3 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.04 billion.

For the year, the company reported profit of $98.5 million, or 97 cents per share. Revenue was reported as $3.92 billion.

Parsons expects full-year revenue in the range of $3.85 billion to $4.05 billion.

Parsons shares have climbed slightly more than 9% since the beginning of the year. The stock has decreased almost 6% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PSN at

Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.


Sign up for breaking news alerts