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Parsons Tops Profit Estimates Despite Revenue Dip, Shares Gain 3%
Yahoo Finance· 2026-04-29 20:51
construction steel girders ©Dwight Burdette Parsons Corporation (NYSE:PSN) reported first-quarter results on Wednesday that exceeded profit expectations, even as revenue declined. Shares rose 3.2% in premarket trading, with investors focusing on record margins and a strong backlog. Adjusted earnings per share came in at $0.79, beating the analyst consensus of $0.69 by $0.10. Revenue totaled $1.5 billion, in line with estimates but down 4% year over year, or 8% on an organic basis. Excluding a confiden ...