Stocks making the biggest moves premarket: Dave & Buster’s, Enova, Etsy & more
Check out the companies making headlines before the bell: Dave & Buster’s Entertainment — Shares plunged 17% after the arcade and restaurant company’s second- quarter results disappointed investors. Reported revenue of $544.1 million for the quarter missed the $556.8 million FactSet consensus estimate. Adjusted EBITDA of $98.9 million also missed the expected $120.4 million. The company also posted an unexpected adjusted loss of 27 cents per share, missing the profit of 18 cents a share expected by analysts polled by FactSet. Enova International — The online provider of loans and credit services tumbled more than 15% after Enova said it’s withdrawing its regulatory applications for the proposed acquisition of Grasshopper Bancorp. It did reaffirm third quarter and full year guidance and announce an intention that it will accelerate share repurchases. Sysco — The wholesale distributor to restaurants, hospitals and schools slid nearly 2% after Sysco announced a common stock offering of 12.3 million shares priced at $81 per share. Etsy — Shares of the online marketplace popped 3%. Oppenheimer upgraded Etsy to outperform from perform, saying it will likely get a boost from artificial intelligence for virtual shopping. The firm also set a $90 price target that suggests 21% upside from Monday’s close. — CNBC’s Ananya Chetia and Liz Napolitano contributed reporting
