Hilton Worldwide Holdings, Inc. Q3 Profit Increases, Inline With Estimates

(RTTNews) - Hilton Worldwide Holdings, Inc. (HLT) reported a profit for its third quarter that increased from last year in line with the Street estimates.

The company's bottom line totaled $377 million, or $1.44 per share. This compares with $347 million, or $1.26 per share, in last year's third quarter.

Excluding items, Hilton Worldwide Holdings, Inc. reported adjusted earnings of $439 million or $1.67 per share for the period.

Analysts on average had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.7% to $2.67 billion from $2.37 billion last year.

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

-Earnings (Q3): $377 Mln. vs. $347 Mln. last year. -EPS (Q3): $1.44 vs. $1.26 last year. -Analyst Estimate: $1.67 -Revenue (Q3): $2.67 Bln vs. $2.37 Bln last year.

-Guidance: Next quarter EPS guidance: $1.51 - $1.56 Full year EPS guidance: $6.04 - $6.09