Parsons Exceeds Profit Estimates with Record Margins Despite Revenue Decline

Parsons Corporation (NYSE:PSN) reported first-quarter earnings that exceeded expectations despite a revenue decline. Shares rose 3.2% in premarket trading, driven by record margins and strong backlog. Adjusted earnings per share were $0.79, beating estimates, while revenue fell 4% year over year.

By Fiona Craig Wed, April 29, 2026 at 3:51 PM GMT+3 2 min read · Yahoo Finance · April 29, 2026, 12:51 UTC

Parsons Exceeds Profit Estimates with Record Margins Despite Revenue Decline

Tickers: $PSN

Topics: Backlog Earnings EBITDA Profit Revenue Stock Price

Read the full article at Yahoo Finance

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