Dave & Buster's Shares Up 7% On Q4 Results

(RTTNews) - Shares of Dave & Buster's Entertainment Inc., (PLAY) jumped 7% on Tuesday after the company's fourth-quarter results beat Wall Street analysts' estimates.

Fourth-quarter profit was $29.4 million or $0.75 per share, down from $35.6 million or $0.85 per share last year.

Total revenues increased 8.8% to $331.8 million from $304.9 million last year.

Analysts polled by Thomson Reuters estimate earnings of $0.63 per share and revenues of $323.29 million.

The growth in revenues were driven by a 10.7% increase in Amusements and Other revenue and a 6.5% increase in Food and Beverage revenue. The company opened three new stores compared to five new stores. Comparable store sales increased 2.9%.

Looking forward to the full year 2019, the company expects revenues of $1.370 billion to $1.400 billion. Analysts currently estimate revenues of $1.38 billion for the year.

PLAY closed Tuesday's trading at $50.48, up $0.10 or 0.20%, on the Nasdaq. The stock further dropped $3.56 or 7.05% in the after-hours trading.