What caused PAR's Q2 earnings to fall short of forecasts?

PAR Technology's Q2 earnings fell short of forecasts due to a combination of factors: 1. **Revenue Shortfall**: PAR Technology reported revenues of $42.93 million for Q4, which was a 9.7% decrease year-over-year. This decline in revenue was a significant shortfall from the expected figures, as it fell short of analysts’ expectations by 13.9%. 2. **Earnings Per Share (EPS) Miss**: The company's EPS also missed estimates, with a significant miss in EPS estimates reported. This indicates that not only was the revenue below expectations, but the profitability aspect of the company's performance was also lacking. 3. **Trade War Tensions**: The broader market impact of China's tariff hikes on U.S. imports, which was partly in response to the "reciprocal tariffs" announced by the Trump administration, likely contributed to the negative sentiment around PAR Technology's stock and the specialized technology sector as a whole. This could have led to a decline in demand or a slowdown in operations for PAR Technology. In summary, PAR Technology's Q2 earnings fell short due to a combination of revenue shortfall, earnings per share miss and trade war tensions.