DALLAS — Dave & Buster’s Entertainment Inc. (PLAY) on Thursday reported a fiscal second-quarter loss of $58.6 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of $1.24 per share. Losses, adjusted for asset impairment costs, came to $1.19 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.44 per share.
The owner of Dave & Buster’s, a chain of restaurants and arcades posted revenue of $50.8 million in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $79.4 million.
Dave & Buster’s shares have dropped 55% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.16, a drop of 58% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLAY at https://www.zacks.com/ap/PLAY