Hilton Worldwide Announces Intention to Spin off Real Estate and Timeshare Businesses
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Hilton Worldwide (HLT) Reports In-Line Q4 EPS; Will Spin Timeshare Business
February 26, 2016 6:05 AM ESTHilton Worldwide (NYSE: HLT) reported Q4 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.96 billion.
System-wide comparable RevPAR increased 3.7 percent and 5.4 percent for the fourth quarter and full year 2015, respectively, on a currency neutral basis
GUIDANCE:
Hilton Worldwide sees FY2016 EPS of $0.92-$0.98, versus the consensus of $0.97.
Asset Spin:
Hilton also announced plans to enhance long-term shareholder value by spinning off the bulk of its real estate business into a publicly traded... More
