Hilton Hotels Corp. (HLT) Reports a Strong Quarter
Hilton Hotels Corp. reported strong earnings growth Tuesday in the second quarter as it prepared to be acquired by the Blackstone Group.
The worldwide hotel and resort company reported net income of $165 million, or 40 cents a share, for the quarter ended June 30, up from $144 million, or 35 cents per share, in the same period last year.
Revenue increased to $2.085 billion from $2.005 billion in the year-ago period.
Excluding one-time items, earnings per share increased to 38 cents for the quarter, the company said.
The results beat expectations from analysts, who had been looking for earnings of 33 cents per share and revenue of $2.07 billion, according to Thomson Financial.
The worldwide hotel and resort company reported net income of $165 million, or 40 cents a share, for the quarter ended June 30, up from $144 million, or 35 cents per share, in the same period last year.
Revenue increased to $2.085 billion from $2.005 billion in the year-ago period.
Excluding one-time items, earnings per share increased to 38 cents for the quarter, the company said.
The results beat expectations from analysts, who had been looking for earnings of 33 cents per share and revenue of $2.07 billion, according to Thomson Financial.
Labels: Hilton Hotels Corp., HLT
posted by Stock Administrator @ 4:20 PM
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