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Actionable news in PLAY: DAVE & BUSTER'S ENTERTAINMENT Inc,

Dave & Buster's Surges 12% on Strong Q3 Earnings, Revenue, Comps

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Dave & Buster's Entertainment PLAY just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 25 cents per share and revenues of $228.7 million. PLAY is a #3 (Hold) on the Zacks Rank, and is up 12.10% to $53.81 per share in after-hours trading.

Beat earnings estimates . The company reported earnings of 25 cents per share, beating the Zacks Consensus Estimate of 13 cents per share and growing a whopping 108% year-over-year. Net income was $10.8 million.

Beat revenue estimates . The company saw revenue figures of $228.7 million, also beating our consensus estimate of $213 million and growing 18.6% year-over-year.

Dave & Buster's saw comparable store sales increase 5.9% during the quarter, compared to an increase of 8.8% in the year-ago period.

Looking ahead, the company has raised its full-year fiscal 2016...


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