Parsons Raises FY24 Sales Guidance From $6.10B-$6.40B To $6.35B-$6.55B Vs. $6.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Parsons Corporation has raised its fiscal year 2024 sales guidance from $6.10B-$6.40B to $6.35B-$6.55B, surpassing the $6.34B estimate. The company also increased its adjusted EBITDA and cash flow from operations guidance ranges, reflecting strong Q2 performance and a positive outlook for the rest of the year.
July 31, 2024 | 10:32 am
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Parsons Corporation has raised its fiscal year 2024 sales guidance to $6.35B-$6.55B, surpassing the $6.34B estimate. The company also increased its adjusted EBITDA and cash flow from operations guidance ranges, reflecting strong Q2 performance and a positive outlook for the rest of the year.
The increase in sales guidance, adjusted EBITDA, and cash flow from operations indicates strong operational performance and a positive outlook for Parsons Corporation. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100