<p>Dave & Busters (NASDAQ: PLAY) fourth quarter results for 2019, the SPELA share has been rising after the markets closed on Thursday. This is because its diluted earnings per share (EPS) of 80 cents beat Wall Street‘s estimate of 69 cents. The entertainment company’s revenue of $ 347.16 million also exceeds analysts’ estimates of $ 344.46 million.
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Let’s take a closer look at the latest Dave & Buster results report.
Earnings per share after dilution increased by 6.67% from 75 cents during the fourth quarter of 2018. Revenue increased by 4.64% higher than $ 331.78 million from the same period the year before. Operating profit of $ 37.62 million is a decrease of 8.22% compared to the same period last year from $ 40.99 million. Dave & Buster’s earnings report also includes a net profit of $ 24.98 million. This is a decrease of 15.15% compared to its net profit of $ 29.44 million reported during the same period last year.
Brian Jenkins, CEO of Dave & Buster’s, said this during the PLAY share income report:
“In recent weeks, the COVID-19 pandemic has created challenges similar to anything our company, industry or the US economy have experienced in the past, resulting in the temporary closure of all our stores. We have thoughtfully and quickly implemented a comprehensive plan to mitigate the effects of this pandemic and we are now working to improve liquidity and preserve the reboot functions for stores so that we can safely reopen as soon as local conditions allow. ”
The current Dave & Buster results report does not include any prospects for the financial year 2020. This is no surprise as many companies are retaining guidance due to coronavirus from China.
The PLAY share rose 7.96% after Thursday Thursday but fell 6.07% when the markets closed.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/04/dave-busters-earnings-send-play-stock-soaring/.
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