Parsons Delivers Strong Third Quarter 2020 Results
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Parsons Corporation (PSN) Tops Q3 EPS by 24c, Slight Miss on Revenues; Maintains FY20 Revenue Outlook
November 4, 2020 6:33 AM ESTParsons Corporation (NYSE: PSN) reported Q3 EPS of $0.57, $0.24 better than the analyst estimate of $0.33. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.02 billion.
Third Quarter 2020 Results
Total revenue for the third quarter of 2020 decreased by $19 million, or 2%, from the prior year period to $1 billion. Operating income increased 24% to $66 million primarily as a result of an increase in equity in earnings and lower indirect, general and administrative... More
