08:33 AM EDT, 07/31/2024 (MT Newswires) -- Parsons (PSN) reported Q2 adjusted earnings Wednesday of $0.84 per diluted share, up from $0.63 a year earlier.

Analysts surveyed by Capital IQ expected $0.69.

Revenue for the quarter ended June 30 was $1.67 billion, up from $1.36 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.54 billion.

Parsons said it now expects fiscal 2024 revenue of $6.35 billion to $6.55 billion, up from its prior guidance of $6.1 billion to $6.4 billion. Analysts surveyed by Capital IQ expect $6.34 billion.

Shares of the company were up more than 5% in recent premarket activity Wednesday.

Price: 81.50, Change: +4.32, Percent Change: +5.60