Shares of Dave & Buster's Entertainment, Inc. (PLAY), a prominent restaurant and entertainment company, surged over 13% in pre-market trading on Wednesday following the release of their impressive second-quarter financial results.
The company reported a net income increase to $40.3 million, or $0.99 per share, for the second quarter, up from $25.9 million, or $0.60 per share, during the same period the previous year.
Excluding non-recurring items, the earnings stood at $45.7 million, or $1.12 per share, surpassing the analysts' consensus estimate of $0.84 per share.
Additionally, revenue for the quarter rose by 2.8% year-on-year, reaching $557.1 million.
On the previous trading day, Dave & Buster's stock closed at $29.86, reflecting a 0.83% decline. Throughout the past year, the stock has fluctuated between $29.34 and $69.82.
