DALLAS — Dave & Buster’s Entertainment Inc. (PLAY) on Wednesday reported a fiscal fourth-quarter loss of $56.8 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of $1.19 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.33 per share.
The owner of Dave & Buster’s, a chain of restaurants and arcades posted revenue of $116.8 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $101.3 million.
For the year, the company reported a loss of $207 million, or $4.75 per share, swinging to a loss in the period. Revenue was reported as $436.5 million.
For the current quarter ending in May, Dave & Buster’s said it expects revenue in the range of $210 million to $220 million.
Dave & Buster’s shares have climbed 60% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.90, more than tripling 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