Parsons Reports Q4 Earnings Miss, Guidance Below Expectations
CHANTILLY, Va. - Parsons Corporation (PSN) announced fourth-quarter earnings of $54.2 million, or 49 cents per share, falling short of analysts' estimates of 92 cents per share. Adjusted earnings were 78 cents per share.
Revenue for the quarter totaled $1.73 billion, below analyst expectations of $1.74 billion. For the full year, Parsons reported a profit of $235.1 million, or $2.12 per share, on revenue of $6.75 billion.
The company provided guidance for full-year 2023 revenue in the range of $7 billion to $7.5 billion, which is below consensus estimates.