Hilton Reports Third Quarter Results
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Hilton Worldwide (HLT) Tops Q3 EPS by 1c, Revenues Miss; Offers FY18 EPS Mid-Point Outlook Below Consensus
October 24, 2018 6:06 AM EDTHilton Worldwide (NYSE: HLT) reported Q3 EPS of $0.77, $0.01 better than the analyst estimate of $0.76. Revenue for the quarter came in at $2.25 billion versus the consensus estimate of $2.39 billion.
Net income available to common stockholders was $64.0 million, or $0.43 per diluted share, compared to $72.3 million, or $0.48 per diluted shareHome sales revenue of $771.8 million compared to $648.6 million, an increase of 19%--New home deliveries of 1,205 homes compared to 1,111 homes, an increase of 8%--Average sales price of homes delivered of $640,000 compared to $584,000, an increase of 10%Homebuilding gross margin percentage of 21.3% compared to 19.5%, an increase of 180 basis... More