Hilton Q1 Profit Down

(RTTNews) - Hilton Worldwide Holdings Inc. (HLT) reported that its net income attributable to stockholders for the first quarter 2019 declined to $158 million from last year's $161 million, while earnings per share increased to $0.54 from $0.51 in the previous year.

Adjusted earnings per share rose to $0.80 from $0.69 in the prior year.

Total revenues for the quarter grew to $2.20 billion from $2.07 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share and revenues of $2.2 billion for the first-quarter. Analysts' estimates typically exclude special items.

Looking ahead for the second-quarter, the company projects earnings per share, before special items, to be in the range of $0.81 - $0.86, earnings per share, adjusted for special items, of $0.98 - $1.03, and net income of $238 million - $253 million. Analysts project second-quarter earnings of $1.01 per share.

For 2019, the company expects net income to be between $881 million and $910 million; earnings per share, before special items, of $2.98 - $3.07, earnings per share, adjusted for special items, of $3.74 - $3.84. Analysts expect annual earnings of $3.85 per share.