Shares of Dave & Buster's Entertainment (PLAY) tumbled 6.15% in pre-market trading on Monday, as investors braced for the company's fourth-quarter earnings report due after the closing bell. The sharp decline comes amid a broader market selloff triggered by escalating trade tensions and fears of a global economic slowdown.
Wall Street analysts expect Dave & Buster's to report quarterly earnings of 71 cents per share on revenue of $550.37 million. However, the company's stock is facing significant pressure as the overall market sentiment remains extremely negative. The S&P 500 futures were down over 3.7% in pre-market trading, with major tech stocks also seeing substantial losses.
The restaurant and entertainment company's pre-market plunge reflects growing investor concerns about consumer spending and discretionary expenses in the face of potential economic headwinds. As trade war fears intensify and market volatility increases, investors appear to be positioning themselves cautiously ahead of Dave & Buster's earnings release. The company's performance and outlook will be closely scrutinized for any signs of impact from the current economic uncertainty.
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