ClubCorp reports 1Q loss

DALLAS (AP) _ ClubCorp Holdings Inc. (MYCC) on Wednesday reported a loss of $7.5 million in its first quarter.

The Dallas-based company said it had a loss of 12 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The operator of golf and country clubs posted revenue of $221.3 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $221.1 million.

ClubCorp expects full-year revenue in the range of $1.1 billion to $1.14 billion.

ClubCorp shares have risen roughly 8 percent since the beginning of the year. The stock has risen 27 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 MYCC at https://www.zacks.com/ap/MYCC

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