- Dave & Buster's Entertainment, Inc. stock price today and history
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Dave & Buster's Entertainment, Inc. stock price
Dave & Buster's Entertainment, Inc. latest news:
Dave & Buster's shares fall after second-quarter sales miss
Shares of Dave & Buster's Entertainment Inc. fell more than 9% late Tuesday after the company reported second-quarter sales below Wall Street expectations and trimmed its fiscal-year forecast. Dave & Buster's said it earned $30.4 million, or 71 cents a share, in the second quarter, compared with $21.5 million, or 50 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 59 cents a share. Revenue rose 14.9% to $280.8 million, from $244.3 million a year ago. Comparable-store sales increased 1.1%, the company said. Analysts polled by FactSet had expected earnings of 55 cents a share on sales of $282 million. The company said it expects a comparable-store sales increase of 1% to 2% in fiscal 2017, compared with previous guidance of 2% to 3%. It forecast fiscal 2017 EBITDA of $270 million to $276 million for the year, compared with $276 million to $282 million previously. Shares ended the regular trading day up 0.5%. 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.
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