US Stock Movement | Q1 Results Miss Expectations, Dave & Buster's Shares Plunge 14% Pre-Market

Glonghui, June 16 — Dave & Buster's (PLAY.US) shares plunged nearly 14% in pre-market trading. The company’s net profit for the first quarter plummeted from $21.7 million (or $0.62 per share) a year earlier to $5.7 million (or $0.16 per share). Excluding one-off items, adjusted earnings per share stood at $0.22, well below analysts' consensus expectation of $0.56 to $0.90. Revenue for the quarter was $559.2 million, down 1.5% year-on-year, also missing the market forecast of around $580 million.