Parsons: Q4 Earnings Snapshot

Associated Press Finance
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CENTREVILLE, Va. (AP) — CENTREVILLE, Va. (AP) — Parsons Corp. (PSN) on Wednesday reported fourth-quarter profit of $44.9 million.

The Centreville, Virginia-based company said it had net income of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 69 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The software and infrastructure services provider posted revenue of $1.49 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.31 billion.

For the year, the company reported profit of $161.1 million, or $1.42 per share. Revenue was reported as $5.44 billion.

Parsons expects full-year revenue in the range of $5.8 billion to $6 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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