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CENTREVILLE, Va. (AP) — CENTREVILLE, Va. (AP) — Parsons Corp. (PSN) on Wednesday reported first-quarter earnings of $25.6 million.
On a per-share basis, the Centreville, Virginia-based company said it had net income of 23 cents. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share.
The software and infrastructure services provider posted revenue of $1.17 billion in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $1.05 billion.
Parsons expects full-year revenue in the range of $4.5 billion to $4.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PSN">Zacks stock report on PSN at https://www.zacks.com/ap/PSN