Shares of EPAM Systems, Inc. (EPAM) tanked 22% on Thursday morning after the company issued a soft outlook for the full year 2026 that offset strong fourth-quarter results.
The stock is currently trading at $131.01, down $36.68 or 21.87%, on the NYSE. The stock opened at $131.80 after closing Wednesday at $167.69. The stock has traded between $129.00 and $269.00 in the past 52-week period.
EPAM reported fourth-quarter profit of $109.35 million, or $1.98 per share, up from $103.30 million, or $1.80 per share, a year earlier. Adjusted earnings were $3.26 per share, while revenue rose 12.7% to $1.41 billion.
Looking forward, the company forecast 2026 adjusted earnings per share of $12.60 - $12.90 on revenue growth of 4.5% - 7.5%.
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