07:52 AM EDT, 10/30/2024 (MT Newswires) -- Parsons (PSN) reported Q3 adjusted earnings Wednesday of $0.95 per diluted share, up from $0.69 a year earlier.

Analysts surveyed by Capital IQ expected $0.79.

Revenue for the quarter ended Sept. 30 was $1.81 billion, up from $1.42 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.64 billion.

Parsons said it now expects 2024 revenue to be in the range of $6.6 billion to $6.8 billion, up from its previous guidance of $6.35 billion to $6.55 billion. Analysts surveyed by Capital IQ expect $6.53 billion.

Shares of the company were up almost 4% in recent premarket activity Wednesday.

Price: 109.12, Change: +4.09, Percent Change: +3.89