NEWTOWN, Pa. (AP) _ Epam Systems Inc. (EPAM) on Thursday reported third-quarter profit of $115.7 million.

The Newtown, Pennsylvania-based company said it had net income of $1.95 per share. Earnings, adjusted for one-time gains and costs, were $2.42 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.

The information technology services provider posted revenue of $988.5 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $966.3 million.

For the current quarter ending in December, Epam expects its per-share earnings to range from $2.44 to $2.51.

The company said it expects revenue in the range of $1.08 billion to $1.09 billion for the fiscal fourth quarter.

Epam expects full-year earnings in the range of $8.72 to $8.79 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPAM at https://www.zacks.com/ap/EPAM

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News