Dave & Buster's Entertainment jumps on surprise Q3 profit

Dave and Busters Entertainment,

06/12/2023 15:07

(Updates)
    ** Shares of Dave & Buster's Entertainment  PLAY.O  reverse
premarket losses to jump as much as 12.8% to a near six-month
high of $47.29 in early trade
    ** PLAY posts surprise Q3 profit, riding on easing costs
    ** Co posts Q3 net income of 1 cent per share vs
expectations of a loss of 13 cents
    ** PLAY also repurchased 2.8 million shares at a total cost
of $100 million in Q3
    ** Jefferies wrote in a note it sees co well placed to gain
market share from other entertainment concepts with its unique
destination restaurant and entertainment experience
    ** PLAY reported Q3 results after the bell on Tuesday
    ** Up to last close, stock up 18.28% YTD

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))