08:58 AM EDT, 05/01/2024 (MT Newswires) -- Parsons (PSN) reported Q1 adjusted earnings Wednesday of $0.70 per diluted share, up from $0.43 a year earlier.

Analysts surveyed by Capital IQ expected $0.61.

Revenue for the quarter ended March 31 was $1.54 billion, up from $1.17 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.38 billion.

The company said it now expects full year 2024 revenue to range from $6.1 billion to $6.4 billion, higher than the previous guidance of $5.8 billion to $6 billion. Analysts polled by Capital IQ expect $5.96 billion.

Shares of the company were up 5.7% in recent Wednesday premarket activity.

Price: 82.97, Change: +4.46, Percent Change: +5.68