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ClubCorp (MYCC) Stock Closed Down on Q2 Earnings Miss

NEW YORK (TheStreet) -- Shares of ClubCorp (MYCC) slumped 4.02% to $14.09 on heavy trading volume Thursday after the Dallas-based company reported weaker-than-expected results for the 2016 second quarter.

Before today's opening bell, the golf and country club operator posted earnings of 8 cents per share, lower than analysts' expectations of 12 cents per share.

Revenue was $269 million for the period, which fell short of Wall Street's estimates of $273.6 million.

Same-store clubs revenue was up 1.2% to $253.7 million...


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