Parsons shares plunge on lower revenue, margin pressures

17 hours ago 1
Diverse Team of Electronics Development Engineers Standing at the Desk Working with Documents, Solving Project Problems Late at Night. Specialists Working on Ultra Modern Industrial Design.

gorodenkoff/iStock via Getty Images

Shares of Parsons Corp. (NYSE:PSN) tumbled 10% in premarket trading Wednesday, after the engineering and defense contractor posted second-quarter results that beat Wall Street’s earnings expectations but fell short on revenue growth and margin performance in key segments.

Parsons reported

Recommended For You

More Trending News

Read Entire Article