Dave & Buster's Stock Sinks After-Hours on Q4 Earnings and Revenue Misses
$Dave & Buster's Entertainment (PLAY.US)$ sank some 10% after-hours Tuesday after the adult-arcade chain missed analyst estimates on Q4 earnings and revenues.
PLAY fell roughly 10% immediately after the results hit the tape shortly after 4 p.m. ET, although the stock later partly recovered to change hands just 4.3% lower at $59.22 shortly before 4:15 p.m. ET.
Shares fell after Dave & Buster's reported $1.03 of Q4 earnings per share, reportedly trailing analysts' $1.11 consensus estimate. PLAY also posted $599.1 million in revenues, missing analysts' reported consensus forecast of $602.6 million.
Meanwhile, the chain said pro forma combined comparable-store sales (including Main Event-branded stores) dropped 7% when compared to the same period a year earlier, according to published reports.
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