EPAM Systems Stock Declines Significantly

IT consultant EPAM Systems (NYSE: EPAM) saw its stock plummet 18.4% by 10 a.m. ET Thursday, despite reporting better-than-expected Q4 earnings and sales. Analysts had forecasted earnings of $3.16 per share on nearly $1.4 billion in sales, but EPAM actually posted earnings of $3.26 per share with sales exceeding $1.4 billion. The significant drop in stock price occurred despite these positive financial results.

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