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
Keywords: ClubCorp, Earnings Report
Your email address will not be published. Required fields are marked *
Research Reports Coverage on Residential Construction Stocks — Taylor Morrison, Beazer Homes, M.D.C. Holdings, and Gafisa
TechFaith Reports Its Unaudited 2H and Full Year 2016 Financial Results, and the Sale of Certain Beijing Real Estate Assets