8/103 sources · 2 publishersUpdated Oct 28, 13:47 UTC
Parsons reports Q3 2026 beat but narrows FY2026 outlook and CFO departs
Parsons Corporation posted third‑quarter 2026 adjusted earnings of $0.89 per share and revenue of $1.7 billion, both above Wall Street estimates. The company narrowed its full‑year 2026 revenue guidance to $6.25 billion and announced that CFO Matt Ofilos will leave the firm. Despite the beats, the stock slipped in pre‑market trading.
Why it matters
The narrowed FY2026 revenue outlook may temper growth expectations for investors, as noted by the company in its earnings release. The CFO departure adds a leadership transition risk that could affect future financial planning.
Key facts
- 1Adjusted EPS was $0.89 per share, beating the $0.78 consensus estimate. investing.com
- 2Revenue was $1.7 billion, topping the $1.62 billion estimate. investing.com
- 3CFO Matt Ofilos announced his departure. investing.com
- 4Shares fell 5.1% in pre‑market trading. investing.com
- 5Full‑year 2026 revenue guidance was narrowed to $6.25 billion. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.