PAR Technology Corp. (PAR) reported Loss for its fourth quarter that increased from last year and missed the Street estimates.
The company's bottom line came in at -$18.629 million, or -$0.67 per share. This compares with -$13.481 million, or -$0.50 per share, in last year's fourth quarter.
Excluding items, PAR Technology Corp. reported adjusted earnings of -$9.274 million or -$0.33 per share for the period.
Analysts on average had expected the company to earn -$0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.3% to $107.708 million from $97.650 million last year.
PAR Technology Corp. earnings at a glance (GAAP) :
-Earnings (Q4): -$18.629 Mln. vs. -$13.481 Mln. last year.
-EPS (Q4): -$0.67 vs. -$0.50 last year.
-Analyst Estimate: -$0.26
-Revenue (Q4): $107.708 Mln vs. $97.650 Mln last year.
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