Parsons Corporation (PSN) released a profit for first quarter that Drops, from the same period last year
The company's bottom line totaled $52.93 million, or $0.49 per share. This compares with $66.20 million, or $0.60 per share, last year.
Excluding items, Parsons Corporation reported adjusted earnings of $85.63 million or $0.79 per share for the period.
The company's revenue for the period fell 4.1% to $1.491 billion from $1.554 billion last year.
Parsons Corporation earnings at a glance (GAAP) :
-Earnings: $52.93 Mln. vs. $66.20 Mln. last year.-EPS: $0.49 vs. $0.60 last year.-Revenue: $1.491 Bln vs. $1.554 Bln last year.
-Guidance:Full year revenue guidance: $ 6.500 M To $ 6.800 M
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.