Hilton Worldwide (HLT) on Wednesday reported third-quarter net income of $187 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of 19 cents. Earnings, adjusted for one-time gains and costs, were 23 cents per share.

The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share.

The hotelier posted revenue of $2.94 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $3.01 billion.

For the current quarter ending in December, Hilton expects its per-share earnings to range from 20 cents to 23 cents.

The company expects full-year earnings in the range of 86 cents to 89 cents per share.

Hilton shares have increased six percent since the beginning of the year. The stock has dropped nine percent in the last 12 months.


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Photo Credit: Hilton Worldwide reported slightly lower revenue than expected. This Wednesday, March 23, 2016, photo shows the lobby of a Hilton hotel, in Richmond, Virginia. Steve Helber / Associated Press