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With the decline, the stock stands to open below support and at its lowest level in over two years.
The company reported a net loss of $20.1 million, or $0.60 per share, compared with a net income of $2.8 million, or $0.08 per share, for the same quarter last year.
Par reported total revenues of $112.9 million for the quarter, down from $167.6 million a year ago.
Analysts were looking for earnings of $0.12 per share on revenues of $144 million.
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