EPAM Sys (NYSE:EPAM) reported its Q1 earnings results on Friday, May 5, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

EPAM Sys beat estimated earnings by 5.56%, reporting an EPS of $2.47 versus an estimate of $2.34.

Revenue was up $39.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.25 which was followed by a 2.25% drop in the share price the next day.

Here's a look at EPAM Sys's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

EPAM Sys management provided guidance for FY 2023, expecting earnings between $10.6 and $10.8 per share.

To track all earnings releases for EPAM Sys visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.