Dave & Buster’s Entertainment (PLAY) Stock Rising in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Shares of Dave & Buster's Entertainment (PLAY) are higher by 1.49% to $34 in after-hours trading on Monday afternoon, following the release of the company's 2015 first quarter earnings results, which improved year-over-year and topped analysts' expectations.

For the most recent quarter the restaurant and arcade chain said its non-GAAP adjusted earnings were 46 cents per diluted share, compared to the 33 cents per diluted share Dave & Buster's reported for the 2014 first quarter.

Analysts were expecting the company to post earnings of 37 cents per share for the latest quarter.

Total revenue for the 2015 first quarter grew by 14.3% year-over-year to $222.7 million versus the $216.26 million analysts were looking for.

"Dave & Buster's got off to strong start to 2015 with a stellar performance during the first quarter. The combination of robust comparable store sales and healthy sales contributions from our 2014 class yielded 14.3% growth in our top-line, while our comparable store sales gains have now outpaced the competitive industry benchmark for twelve consecutive quarters," company CEO Steve King said in a statement.

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