Hilton Worldwide Q2 Profit Rises

(RTTNews) - Hilton Worldwide Holdings Inc. (HLT) reported that its net income attributable to stockholders for the second-quarter rose to $260 million or $0.89 per share from $217 million or $0.71 per share in the same quarter.

Earnings per share, adjusted for special items, was $1.06, a 23 percent increase from the same period in 2018.

Total revenues for the quarter were $2.48 billion up from $2.29 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.01 per share and revenues of $2.44 billion. Analysts' estimates typically exclude special items.

For the third-quarter, the company expects net income to be between $239 million and $253 million, earnings per share, before special items, of $0.82 - $0.87, and earnings per share, adjusted for special items, of $0.98 - $1.03. Analysts project third-quarter earnings of $1.05 per share.

For fiscal year 2019, the company projects net income in the range of $887 million - $909 million, earnings per share, before special items, of $3.02 - $3.09, and earnings per share, adjusted for special items, of $3.78 - $3.85. Analysts expect annual earnings of $3.86 per share.