EPAM Systems (EPAM) Gains 8% as Q4 Earnings Beat Estimates

EPAM Systems’ (EPAM) shares gained 8% on Thursday after the company reported better-than-expected fourth-quarter 2023 results. The company’s fourth-quarter non-GAAP earnings of $2.75 per share beat the Zacks Consensus Estimate of $2.51. However, the figure decreased 6.1% year over year.Revenues were $1.16 billion, which surpassed the consensus mark of $1.14 billion. However, the top line declined 6% year over year. On a constant-currency basis, excluding the effect of EPAM's withdrawal from Russia, the top ...