India, May 9 -- PAR Technology Corp. (PAR) on Friday reported wider net loss in its first quarter, despite higher revenues. However, loss per share was narrower than last year on higher share count.
In the pre-market activity on the NYSE, PAR shares were losing around 5.5 percent to trade at $59.00.
In the first quarter, net loss widened to $24.35 million from last year's loss of $18.29 million. On a per share basis, net loss narrowed to $0.60 from prior year's loss of $0.62.
Net loss from continuing operations was $24.55 million or $0.61 per share, compared to loss of $20.37 million or $0.69 per share a year ago.
The Wall Street analysts, on average, expected the company to report loss of $0.04 per share. Analysts' estimates typically ...