Why Dave & Buster's Shares Jumped 11% on Monday
Shares of game and restaurant company Dave & Buster's (NASDAQ: PLAY) jumped as much as 11% in trading Monday, recovering losses from late last week. At 2:00 p.m. EDT, shares were still up 9.2% on the day after rising for most of the morning.
The drop in shares on Friday was due to fiscal second-quarter earnings being announced that were hardly impressive. Revenue fell 85% versus a year ago, and net loss was $58.6 million, or $1.24 per share. That's bad but should have been expected given the mall and restaurant slowdowns across the country because of COVID-19.
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Source Fool.com
