Dave & Buster’s Entertainment Inc. shares PLAY rose in the extended session Tuesday after the games-themed restaurant chain’s quarterly earnings topped Wall Street expectations but revenue fell short. Initially, Dave & Buster’s shares declined as much 3% after hours then rose as much as more than 5%, following a 5.7% rally in the regular session to close at $33.74. The company reported first-quarter net income of $70.1 million, or $1.45 a share, compared with $67 million, or $1.
Initially, Dave & Buster’s shares declined as much 3% after hours then rose as much as more than 5%, following a 5.7% rally in the regular session to close at $33.74. The company reported first-quarter net income of $70.1 million, or $1.45 a share, compared with $67 million, or $1.35 a share in the year-ago period. Revenue rose to $597.3 million from $451.1 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.26 a share on revenue of $603.9 million.