Customers play a basketball arcade game at a Dave & Buster's Entertainment Inc. location in Pelham, New York.Dave & Buster's
fell 17.6% during extended trading after missing earnings and revenues estimates and lowering guidance for the fiscal year. The company reported earnings of $1.13 per share on $364 million in revenue for its first quarter, falling short of the earnings of $1.14 per share on $372 million in revenue expected by analysts polled by Refinitiv.
Dave & Buster's also lowered full-year revenue guidance, saying it now expects revenue between $1.365 billion and $1.39 billion. It previously forecast revenue between $1.37 billion and $1.4 billion. The Refinitiv consensus estimate for full-year revenue was $1.399 billion.
Of course, Dave and Buster's has a good happy hour.
Because bots dominate pre and after market trading volumes, that moment for retails traders has long gone.
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