DALLAS — Dave & Buster’s Entertainment Inc. (PLAY) on Thursday reported fiscal first-quarter net income of $19.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had profit of 40 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The owner of Dave & Buster’s, a chain of restaurants and arcades posted revenue of $265.3 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $257.3 million.
For the current quarter ending in August, Dave & Buster’s said it expects revenue in the range of $335 million to $350 million.
Dave & Buster’s shares have increased 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.15, more than doubling 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