EPAM Sys Q3 Adj. EPS $2.73 Beats $2.55 Estimate, Sales $1.15B Beat $1.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
EPAM Systems (NYSE:EPAM) reported Q3 adjusted earnings of $2.73 per share, beating the analyst consensus estimate of $2.55 by 7.06%. However, this is a 11.94% decrease from the same period last year. The company also reported quarterly sales of $1.15 billion, slightly beating the analyst consensus estimate by 0.17%, but marking a 6.11% decrease from the same period last year.
November 02, 2023 | 10:12 am
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EPAM Systems reported Q3 earnings and sales that beat estimates, but both figures are down compared to the same period last year.
While EPAM Systems beat analyst estimates for Q3, the year-over-year decrease in both earnings and sales could potentially offset any positive impact from beating estimates. The market's reaction will likely depend on investor sentiment towards the company's future growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100