EPAM Cuts Q2 Revenue To $1.16B-$1.17B (Prior $1.195B-$1.205B) Vs $1.2B Est, Adj EPS To $2.33-$2.40 (Prior $2.38-$2.46) Vs $2.41 Est, FY23 Revenue To $4.65B-$4.80B (Prior $4.95B-$5.0B) Vs $4.96B Est, Adj EPS $9.80-$10.20 (Prior $0.6-$10.8) Vs 10.71 Est
Portfolio Pulse from Benzinga Newsdesk
EPAM has lowered its Q2 revenue guidance to $1.16B-$1.17B from $1.195B-$1.205B, and adjusted EPS to $2.33-$2.40 from $2.38-$2.46. The company also reduced its FY23 revenue forecast to $4.65B-$4.80B from $4.95B-$5.0B.
June 05, 2023 | 10:12 am
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NEGATIVE IMPACT
EPAM has reduced its Q2 revenue and adjusted EPS guidance, as well as its FY23 revenue forecast, which may negatively impact its stock price.
EPAM has lowered its Q2 revenue and adjusted EPS guidance, as well as its FY23 revenue forecast. This indicates that the company may not meet analysts' expectations, which could lead to a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100