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Dave & Buster's beats 3Q profit forecasts

DALLAS (AP) _ Dave & Buster's Entertainment Inc. (PLAY) on Tuesday reported fiscal third-quarter profit of $12.2 million.

On a per-share basis, the Dallas-based company said it had net income of 29 cents.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The owner of Dave & Buster's, a chain of restaurants and arcades posted revenue of $250 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $255.4 million.

Dave & Buster's expects full-year revenue in the range of $1.15 billion to $1.16 billion.

Dave & Buster's shares have fallen 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.89, an increase of slightly more than 8 percent in the last 12 months.

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