Shares of PAR Technology (NYSE: PAR) tumbled 5.05% in pre-market trading on Friday following the release of its first-quarter 2025 financial results. The company's performance fell short of analyst expectations, triggering a sell-off among investors.
PAR Technology reported quarterly revenue of $103.9 million, missing the IBES estimate of $104.8 million. The company's bottom line also disappointed, with an adjusted earnings per share (EPS) loss of 1 cent. This result was slightly better than the LSEG IBES data, which had projected a loss of 2 cents per share, but still indicates ongoing profitability challenges for the technology solutions provider.
The pre-market plunge reflects investor concerns about PAR Technology's ability to meet growth expectations in an increasingly competitive market. As the company continues to navigate the evolving landscape of restaurant and retail technology solutions, shareholders will be closely watching for signs of improvement in future quarters.
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