07:35 AM EST, 11/05/2025 (MT Newswires) -- Parsons (PSN) reported Q3 adjusted earnings Wednesday of $0.86 per diluted share, down from $0.95 a year earlier.

Analysts polled by FactSet expected $0.74.

Revenue for the quarter ended Sept. 30 was $1.62 billion, down from $1.81 billion a year earlier.

Analysts surveyed by FactSet expected $1.66 billion.

The company said it now expects fiscal 2025 revenue in the range of $6.40 billion to $6.50 billion, down from its prior range of $6.48 billion to $6.68 billion. Analysts surveyed by FactSet expect $6.57 billion.

Parsons' stock was down nearly 7% in recent Wednesday premarket activity.