Parsons: Q3 Earnings Snapshot

CHANTILLY, Va. (AP) — CHANTILLY, Va. (AP) — Parsons Corp. (PSN) on Wednesday reported third-quarter net income of $54.2 million.

On a per-share basis, the Chantilly, Virginia-based company said it had net income of 51 cents. Earnings, adjusted for one-time gains and costs, were 89 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The software and infrastructure services provider posted revenue of $1.65 billion in the period, which matched Street forecasts.

Parsons expects full-year revenue in the range of $6.25 billion to $6.45 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSN at https://www.zacks.com/ap/PSN