Parsons falls after quarterly earnings miss estimates

Parsons

11/02/2026 15:09

Updates

** Shares of engineering and consulting firm Parsons PSN.N fall more than 11% to $62 in early trading, after quarterly profit and sales miss estimates

** Co reports Q4 adjusted profit per share of 75 cents, below Wall Street estimates of 79 cents - data compiled by LSEG

** Posts quarterly revenue of $1.60 billion vs. estimates of $1.67 billion

** Forecasts 2026 revenue between $6.5 billion and $6.8 billion, the midpoint of which is below estimates of $6.7 billion

** Including session's moves, shares up nearly 1% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))