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Hilton's Q2 Results Barely Beat Wall Street's Expectations
['Billy Wadsack', 'Dallas-Fort Worth']
Bisnow News Feed
The hotel operator's revenue rose 6.5% year-over-year to $3.34B, while its earnings per share were $2.29 for the quarter.
Both figures were just above the consensus revenue estimate of $3.32B and the analyst estimate of $2.27 per share, according to Seeking Alpha.
The company added more than 24,000 rooms during the second quarter and approved nearly 43,000 more.
The hotel operator’s development pipeline rose 6% year-over-year to a record-high of more than 541,000 rooms during the second quarter.
Hilton’s net income rose 9% to $482M during the second quarter, while EBITDA increased from $1.01B to $1.05B.