Parsons (PSN) reported Q1 adjusted earnings Wednesday of $0.78 per diluted share, up from $0.70 a year earlier.

Analysts polled by FactSet expected $0.73.

Revenue for the quarter ended March 31 was $1.55 billion, compared with $1.54 billion a year earlier.

Analysts polled by FactSet expected $1.63 billion.

The company reiterated its 2025 revenue guidance of $7 billion to $7.5 billion. Analysts polled by FactSet expect $7.15 billion.

Parsons shares were up 2.3% in recent premarket activity.