Hilton cuts forecast for key revenue measure amid slowing economic growth
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Hilton Worldwide (HLT) Tops Q2 EPS by 4c, Revenues Beat; Comp. RevPAR Up 1.4%; Offers Q3 & FY19 EPS Guidance Below Consensus
July 24, 2019 6:12 AM EDTHilton Worldwide (NYSE: HLT) reported Q2 EPS of $1.06, $0.04 better than the analyst estimate of $1.02. Revenue for the quarter came in at $2.48 billion versus the consensus estimate of $2.44 billion.
Diluted EPS was $0.89 for the second quarter, a 25 percent increase from the same period in 2018, and diluted EPS, adjusted for special items, was $1.06, a 23 percent increase from the same period in 2018Net income for the second quarter was $261 million, a 20 percent increase from the same period in 2018, exceeding the high end of guidanceAdjusted EBITDA for the second quarter was $618 million, an 11... More