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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.