PAR Technology Corporation Announces 2019 Third Quarter Results and Announces Plans to Acquire Industry Leading Restaurant Backoffice Software Provider - Restaurant Magic

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Go back to PAR Technology Corporation Announces 2019 Third Quarter Results and Announces Plans to Acquire Industry Leading Restaurant Backoffice Software Provider - Restaurant Magic

PAR Technology (PAR) Misses Q3 EPS by 5c

November 7, 2019 5:51 PM EST

PAR Technology (NYSE: PAR) reported Q3 EPS of ($0.26), $0.05 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $45.4 million versus the consensus estimate of $46.26 million.

Summary of Fiscal 2019 Third Quarter and Year-to-Date Financial Results

Revenues were reported at $45.4 million for the third quarter of 2019, compared to $46.4 million for the same period in 2018, a 2.2% decrease.GAAP net loss for the third quarter of 2019 was $5.9 million, or $0.36 loss per share, a decrease from the GAAP net loss of $16.7 million, or $1.04 loss per share reported for the same period in... More