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EPAM forecasts first-quarter results in line with estimates
Reuters· 2026-02-19 11:50
Core Viewpoint - EPAM Systems forecasts first-quarter results that align with analyst estimates, driven by continued investment in AI-enhanced systems by companies, which boosts demand for its IT services [1] Financial Performance - EPAM expects first-quarter revenue to be between $1.38 billion and $1.40 billion, with the midpoint matching analysts' estimates [1] - The company anticipates adjusted profit per share in the range of $2.70 to $2.78, also in line with estimates [1] - For the fourth quarter, EPAM reported revenue of $1.41 billion, exceeding analysts' expectations of $1.39 billion, and an adjusted EPS of $3.26, which was above estimates [1] Market Reaction - Shares of EPAM fell more than 4% in premarket trading following the forecast announcement [1]