Shares of Dave & Buster’s Entertainment Inc. initially were up 5% in extended trading Thursday after the entertainment and dining chain reported fiscal first-quarter results. Dave & Buster’s reported net income of $19.6 million, or 40 cents a share, compared with a net loss of $43.5 million, or $1.37 a share, in the year-ago quarter. Revenue shot up 66% to $265.3 million from $159.8 million a year ago. Analysts surveyed by FactSet had expected an adjusted loss of 16 cents a share on revenue of $246 million. Dave & Buster’s shares are up 47% so far in 2021. The broader S&P 500 index has gained 13% this year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.