PAR Technology rises 10% after swinging to Q2 profit

PAR Technology Corp. (NYSE:PTC) is up 10% after the technology services provider reported early Monday that it swung to a second-quarter profit of $0.7 million, or $0.05 per share, versus a loss of $1 million, or $0.07 per share, a year earlier. Wall Street analysts expected that New Hartford, N.Y.-based company to earn $0.02 per share.

Quarterly revenue rose to $57.2 million from $49.9 million a year earlier. Wall Street was looking for $53.4 million in revenue.

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