Investing.com – PAR Technology reported on Wednesday third quarter that missed analysts’ forecasts and revenue that topped expectations.

PAR Technology announced earnings per share of $-0.44 on revenue of $92.77M. Analysts polled by Investing.com anticipated EPS of $-0.34 on revenue of $82.32M.

PAR Technology shares are down 0.45% from the beginning of the year and are trading at $21.61 , down-from-52-week-high.

PAR Technology shares lost 6.29% in intra-day trade the report.

PAR Technology follows other major Information Technology sector earnings this month

PAR Technology’s report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.

Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.

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