Parsons Reports Q3 Revenue Beat Amid GAAP EPS Miss
Parsons (NYSE: PSN) reported third-quarter financial results featuring a revenue beat alongside an earnings miss. The company generated $1.65 billion in revenue, representing a 1.9% increase year-over-year and exceeding market expectations by $30 million. On an organic basis, however, revenue saw a slight decrease of 1%. The reported GAAP earnings per share (EPS) was $0.51, which fell short of analyst estimates by $0.02. Despite the earnings miss, management noted continued strong demand for their services and highlighted that total Q3 revenue reached approximately $1.7 billion.
Tickers: $PSN