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Dave & Buster's beats 4Q profit forecasts

DALLAS (AP) _ Dave & Buster's Entertainment Inc. (PLAY) on Tuesday reported fiscal fourth-quarter profit of $27.4 million.

The Dallas-based company said it had profit of 63 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The owner of Dave & Buster's, a chain of restaurants and arcades posted revenue of $270.2 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $270.6 million.

For the year, the company reported profit of $90.8 million, or $2.10 per share. Revenue was reported as $1.01 billion.

Dave & Buster's expects full-year revenue in the range of $1.16 billion to $1.17 billion.

Dave & Buster's shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $62.19, a climb of 62 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLAY at https://www.zacks.com/ap/PLAY

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Keywords: Dave & Buster's, Earnings Report