“Tuesday's First Moves: LLY & ETSY Upgrades, PLAY Plunges After Earnings”
PLAY reported a miss on both top and bottom lines (adjusted loss of $0.27/share, revenue -2.4%) due to structural weakness in its core arcade segment, which has seen declining entertainment sales for 8 straight quarters.
Last but not least, Dave & Buster's. Dave & Buster's shares are down more than 7%. You got bleeding on the balance sheet happening here. Worse than expected quarter on both the bottom line and top line.
They reported a loss on an adjusted basis of 27 cents per share. The street was expecting for Dave & Buster's to be in the black. Revenue declined 2.4% to 544.1 million. That also missing estimates.