Hilton Worldwide Holdings, Inc. (HLT) has reported an increase in its first-quarter profit compared to the previous year, outperforming market expectations.
The company reported a net income of $265 million, or $1.04 per share, which represents an increase from $206 million, or $0.77 per share, in the same quarter last year.
When considering special items, the company's adjusted earnings for the period stood at $390 million or $1.53 per share. This was above the average analyst prediction of $1.42 per share, according to data gathered by Thomson Reuters. It's essential to note that these forecasts typically do not include unique items.
The company's revenue for the quarter also increased by 12.2%, rising to $2.57 billion from $2.29 billion in the corresponding quarter of the previous year.
In terms of earnings under the generally accepted accounting principles (GAAP), Hilton Worldwide Holdings, Inc. reported the following:
- First-quarter earnings: $265 million, compared to $206 million last year.
- Earnings per share for the first quarter: $1.04, up from $0.77 last year.
- Revenue for the first quarter: $2.57 billion, rising from $2.29 billion last year.
Looking ahead, the company’s guidance for the next quarter's earnings per share is predicted to be within the range of $1.80 - $1.86. Furthermore, the full-year earnings per share guidance ranges from $6.89 - $7.03.
