Hilton Worldwide Holdings, Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Hilton Worldwide Holdings, Inc. (HLT) released earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $421 million, or $1.67 per share. This compares with $411 million, or $1.55 per share, in last year's second quarter.

Excluding items, Hilton Worldwide Holdings, Inc. reported adjusted earnings of $481 million or $1.91 per share for the period.

Analysts on average had expected the company to earn $1.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.9% to $2.951 billion from $2.660 billion last year.

Hilton Worldwide Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $421 Mln. vs. $411 Mln. last year. -EPS (Q2): $1.67 vs. $1.55 last year. -Revenue (Q2): $2.951 Bln vs. $2.660 Bln last year.

-Guidance: Next quarter EPS guidance: $1.80 - $1.85 Full year EPS guidance: $6.93 - $7.03