The U.S. stock market advanced on Tuesday, with investors looking at the start of Federal Reserve's meeting.
Shares of Dave & Buster's Entertainment, Inc. (PLAY, Financial) jumped on Tuesday after the company posted first-quarter earnings per share of $1.04 on revenue of $332.19 million, which grew 9.2% from the prior-year period. The company beat revenue expectations by $10.14 million and earnings estimates by 11 cents.
Earnings before interest, taxes, depreciation and amortization decreased 2.3% to $86.1 million from $88.2 million in the comparable quarter of 2017, while adjusted EBITDA increased 0.4% to $95.9 million from $95.6 million. As a percentage of total revenues, EBITDA decreased 310 basis points to 25.9% and adjusted EBITDA decreased 250 basis points to 28.9% from 31.4%.
During the quarter, the company repurchased approximately 606,000 shares for $27.4 million.
Looking ahead, the company reaffirmed its financial outlook. It expects total revenues of $1.20 billion to $1.24 billion, net income of $95 million to $110 million and EBITDA of $255 million to $275 million.
Gainers
- Twitter Inc. (TWTR, Financial)
- Cimarex Energy Co. (XEC, Financial)
- NRG Energy Inc. (NRG, Financial)
- PPL Corp. (PPL, Financial)
Losers
- Seagate Technology PLC (STX, Financial)
- Marathon Petroleum Corp. (MPC, Financial)
- Apache Corp. (APA, Financial)
- CVS Health Corp. (CVS, Financial)
Global markets
In Europe, the U.K.'s FTSE 100 lost 0.43%, France's CAC 40 retreated 0.38% and Germany's Dax fell 0.0048%, while Spain's Ibex 35 advanced 0.16%.
In Asia, markets closed in the green. Japan's Nikkei 225 gained 0.33%, Hong Kong's Hang Seng jumped 0.13%, India’s BSE Sensex advanced 0.59% and China's Shanghai Composite rose 0.89%.
Disclosure: The author holds no positions in any stocks mentioned.Â
