Hilton Worldwide Q3 Profit Declines; Lifts FY14 Earnings Forecast

(RTTNews) - Hilton Worldwide Holdings, Inc. (HLT) reported Friday third-quarter 2014 net income attributable to stockholders of $183 million, or $0.19 per share, compared to $200 million, or $0.22 per share in the comparable quarter last year. Adjusted net income for the latest third quarter was $174 million or $0.18 per share.

On average, 19 analysts polled by Thomson Reuters expected earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the current quarter were $2.64 billion, compared with $2.45 billion, a year before. The Street had estimated revenues of $2.61 billion.

Looking ahead to the fourth quarter, the company expects adjusted earnings to be in the range of $0.16 to $0.18 per share. Analysts currently expect earnings of $0.18 per share.

Further, for fiscal 2014, the company now expects adjusted earnings per share between $0.69 and $0.71. Earlier, the company projected adjusted earnings per share of $0.67 - $0.70. Analysts now expect fiscal 2014 earnings of $0.69 per share.