Parsons: Q4 Earnings Snapshot

CHANTILLY, Va. (AP) — CHANTILLY, Va. (AP) — Parsons Corp. (PSN) on Wednesday reported fourth-quarter profit of $55.6 million.

On a per-share basis, the Chantilly, Virginia-based company said it had net income of 51 cents. Earnings, adjusted for one-time gains and costs, were 75 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The software and infrastructure services provider posted revenue of $1.6 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.69 billion.

Parsons expects full-year revenue in the range of $6.5 billion to $6.8 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSN at https://www.zacks.com/ap/PSN

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