Hilton matches 1Q earnings expectations, tops revenue forecasts

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MCLEAN, Virginia — Hilton Worldwide Holdings Inc. (HLT) on Wednesday reported first-quarter net income of $150 million.

On a per-share basis, the McLean, Virginia-based company said it had profit of 15 cents. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share.

The hotelier posted revenue of $2.6 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.49 billion.

For the current quarter ending in June, Hilton expects its per-share earnings to range from 21 cents to 23 cents.

The company expects full-year earnings in the range of 79 cents to 83 cents per share.

Hilton shares have increased 13 percent since the beginning of the year. The stock has risen 38 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLT at http://www.zacks.com/ap/HLT

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Keywords: Hilton, Earnings Report

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