Hilton Reports Second Quarter Results, Achieves High End of RevPAR Guidance
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Hilton Worldwide (HLT) Reports In-Line Q2 EPS, Revenues Miss; Offers FY18 EPS Guidance Below Consensus
July 25, 2018 6:09 AM EDTHilton Worldwide (NYSE: HLT) reported Q2 EPS of $0.70, in-line with the analyst estimate of $0.70. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.47 billion.
Christopher J. Nassetta, President & Chief Executive Officer of Hilton, said, "We had another strong quarter with fundamentals driving system-wide RevPAR growth of 4.0 percent, achieving the high end of guidance. This growth coupled with continued net unit growth resulted in Adjusted EBITDA growth of 10 percent, exceeding our expectations."
