Hilton Worldwide Holdings Inc. (HLT) on Wednesday reported second-quarter earnings of $161 million.
The McLean, Virginia-based company said it had profit of 16 cents per share. Earnings, adjusted for one-time gains and costs, came to 25 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The hotelier posted revenue of $2.92 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.9 billion.
Hilton expects full-year earnings in the range of 80 cents to 84 cents per share.
Hilton shares have increased 1.5 percent since the beginning of the year. The stock has increased 5 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.
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Photo credit: The New York Hilton Midtown. Hilton Hotels