Hilton Worldwide Holdings, Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Hilton Worldwide Holdings, Inc. (HLT) reported a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $411 million, or $1.55 per share. This compares with $368 million, or $1.32 per share, in last year's second quarter.

Excluding items, Hilton Worldwide Holdings, Inc. reported adjusted earnings of $432 million or $1.63 per share for the period.

Analysts on average had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.8% to $2.66 billion from $2.24 billion last year.

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

-Earnings (Q2): $411 Mln. vs. $368 Mln. last year. -EPS (Q2): $1.55 vs. $1.32 last year. -Analyst Estimate: $1.58 -Revenue (Q2): $2.66 Bln vs. $2.24 Bln last year.

-Guidance: Next quarter EPS guidance: $1.60 - $1.65 Full year EPS guidance: $5.93 - $6.06