Investing.com - Parsons reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Parsons announced earnings per share of $0.48 on revenue of $1.13B. Analysts polled by Investing.com anticipated EPS of $0.50 on revenue of $1.05B.
Parsons shares are down 44% from the beginning of the year and are trading at $46.64 , down-from-52-week-high.
Parsons follows other major Industrials sector earnings this month
Parsons's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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