EPAM Sys Q4 Adj EPS $2.75 Beats $2.50 Estimate, Sales $1.16B Beat $1.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
EPAM Systems (NYSE:EPAM) reported Q4 adjusted EPS of $2.75, surpassing the $2.50 estimate, and sales of $1.16B, exceeding the $1.14B estimate. However, this represents a 6.14% decrease in earnings and a 5.99% decrease in sales from the same period last year.
February 15, 2024 | 11:01 am
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EPAM Systems reported higher-than-expected Q4 earnings and sales, but both metrics showed a decrease from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health. However, the year-over-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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