Why Shares of Parsons Are Plunging Today
It's that time of summer again. With August on the doorstep, companies are busy announcing financial results. Like many other businesses, Parsons (NYSE: PSN) posted quarterly earnings before the bell today -- and investors are clearly unhappy with what the company reported -- though it has more to do with what management offered on 2026 guidance.
As of 12:58 p.m. ET, shares of Parsons, a specialist in defense, intelligence, and critical infrastructure solutions, are down 38.1%.
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Source Fool.com
