EPAM Q1 Earnings Beat, Shares Fall on Downbeat FY24 Guidance
EPAM(EPAM) Zacks Investment Research·2024-05-10 22:05
EPAM Systems, Inc. (EPAM) reported better-than-expected first-quarter 2024 results. However, shares of the company plunged 27% on Thursday as the digital transformation services and product provider lowered its full-year 2024 guidance due to a challenging demand environment.EPAM Systems’ first-quarter non-GAAP earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.32. However, the figure came a penny lower than the year-ago quarter’s earnings of $2.47 per share, primarily due to lower revenues ...