Parsons falls after removing confidential contract effects from 2025 forecast

Parsons

02/06/2025 22:57

** Shares of cybersecurity firm Parsons Corp PSN.N fall 5% to $60.8 after the bell

** Company removing anticipated financial effects of confidential contract from annual guidance for any period after June 2025, in response to State Dept overhaul - PSN

** Company lowers 2025 revenue forecast to $6.45 bln to $6.65 bln, from earlier forecast range of $7 bln to $7.5 bln

** Sees 2025 revenue excluding confidential contract to now range between $6.17 bln and $6.37 bln from earlier range of $6.25 bln to $6.45 bln

** As of last close, stock had fallen 31.4% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))