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Why Parsons Stock Plummeted Today

TheMotleyFool

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Why Parsons Stock Plummeted TodayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

Parsons (NYSE: PSN) stock got hit with a big pullback on Wednesday following the release of the company's fourth-quarter report. The government services and defense-technologies company's share price closed out the daily session down 14.4%.

Parsons published its Q4 report before the market opened this morning, and investors weren't happy with the print. In addition to sales and earnings that missed Wall Street's targets, the company's forward guidance didn't do enough to assuage investors' concerns.

Image source: Getty Images.

Source Fool.com

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