NEWTOWN, Pa. (AP) _ Epam Systems Inc. (EPAM) on Thursday reported third-quarter net income of $156.1 million.

On a per-share basis, the Newtown, Pennsylvania-based company said it had profit of $2.63. Earnings, adjusted for stock option expense and non-recurring costs, came to $3.10 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.

The information technology services provider posted revenue of $1.23 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $1.22 billion.

For the current quarter ending in December, Epam expects its per-share earnings to range from $2.62 to $2.70.

The company said it expects revenue in the range of $1.22 billion to $1.23 billion for the fiscal fourth quarter.

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

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