Shares of PAR Technology Corporation (PAR) are down 5.05% in pre-market trading on Friday following the release of the company's first quarter 2025 financial results. The sharp decline comes as the technology solutions provider for the restaurant and retail industries reported figures that fell short of analyst expectations.
According to the earnings report, PAR Technology posted a quarterly revenue of $103.9 million, missing the IBES estimate of $104.8 million. The company also reported a loss of 1 cent per share, which was better than the expected loss of 2 cents per share according to LSEG IBES data. Despite the narrower-than-expected loss, investors seem to be focusing on the revenue miss and overall financial performance.
The pre-market plunge suggests that investors are reassessing their outlook on PAR Technology's growth prospects and profitability. As the market digests these results, it remains to be seen how the stock will perform during regular trading hours and whether the company can address concerns about its financial trajectory in the coming quarters.
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