EPAM Sys Q1 2024 Adj EPS $2.46 Beats $2.31 Estimate, Sales $1.165B Beat $1.161B Estimate
Portfolio Pulse from Benzinga Newsdesk
EPAM Systems reported Q1 2024 adjusted EPS of $2.46, surpassing the $2.31 estimate, with sales of $1.165B also beating the $1.161B estimate. This represents a 3.76% decrease in sales compared to the same period last year.
May 09, 2024 | 10:03 am
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EPAM Systems exceeded Q1 2024 earnings and sales forecasts, reporting an EPS of $2.46 and sales of $1.165B, outperforming estimates but noting a slight sales decline from the previous year.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the reported 3.76% decrease in sales year-over-year might temper investor enthusiasm slightly, suggesting a mixed but overall positive short-term outlook for EPAM's stock.
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