11:46 AM EST, 02/19/2025 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Parsons (PSN) shares declined 11% in recent Wednesday trading after the company reported Q4 results that trailed analysts' estimates.

The company reported Q4 adjusted earnings Wednesday of $0.78 per diluted share, compared with $0.69 a year earlier.

Analysts polled by FactSet expected $0.90.

Revenue for the quarter ended Dec.31 was $1.73 billion, up from $1.49 billion a year earlier.

Analysts surveyed by FactSet expected $1.76 billion.

For the full year, the company expects revenue between $7 billion and $7.5 billion. Analysts polled by FactSet expect $7.38 billion.

Price: 65.60, Change: -7.90, Percent Change: -10.75