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Hilton Worldwide Holdings reported a strong first quarter, with adjusted earnings per share (EPS) of $1.53, a 23.39% increase year-over-year, surpassing the estimated $1.42 by $0.11, and revenue reaching $2.573 billion, a 12.21% increase year-over-year, exceeding forecasts by $23 million. The company's CEO highlighted a record pipeline and significant growth, leading to an upward revision of the full-year 2024 adjusted EPS outlook from $6.80-$6.94 to $6.89-$7.03, despite market expectations of $7.12. However, Hilton's guidance for Q2 adjusted EPS is set at $1.80-$1.86, slightly below the anticipated $1.88. The company's stock responded positively, with a pre-market increase of approximately 4%.
$HLT Hilton has released its quarterly earnings Revenue of $2.57B (+12.21% YoY) beats by $23M. EPS of $1.53 (+23.39% YoY) beats by $0.11.
$HLT (+4.3% pre) Hilton Worldwide Holdings Inc (HLT) Q1 2024 Earnings: Misses on EPS, Surpasses Revenue Estimates https://t.co/uXV15V11NO
Hilton $HLT hikes 2024 earnings outlook as Q1 results beat expectations, shares up https://t.co/D6ALtGa1ml https://t.co/CpBVbnicom
$HLT Hilton beats, but guidance light. +4% pre-market https://t.co/k1ISYJlxQr
$HLT | Hilton Worldwide Holdings Q1 Earnings: - Adj EPS $1.53 (Est. $1.42) 🟢 - Sales $2.573B (Est. $2.550B) 🟢 - Expects Q2 Adjusted EPS Of $1.80-$1.86 (Est. $1.88) - Boosts FY24 Adj EPS Outlook From $6.80-$6.94 To $6.89-$7.03 (Est. $7.12) https://t.co/iIqbt2wnZv
Hilton Hotels double beat. CEO: "We are pleased to report a strong first quarter with bottom line results meaningfully exceeding our expectations,...record pipeline and the growth pace we've seen to-date..." $HLT: +1.8% PM https://t.co/QOGor4M5tF