Hilton Worldwide Q3 Earnings Beats Estimates On Higher Occupancy, Stock Dips On Lackluster Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Hilton Worldwide's Q3 earnings beat estimates with an EPS of $1.92, but revenues missed expectations. Despite strong occupancy and growth in management fees, the stock dipped due to a lackluster outlook, with lowered FY24 GAAP EPS guidance. The company continues to expand, especially in Asia Pacific.
October 23, 2024 | 11:29 am
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Hilton Worldwide reported Q3 EPS of $1.92, beating estimates, but revenues fell short. Despite strong occupancy and growth in management fees, the stock fell due to a lowered FY24 GAAP EPS outlook. The company continues to expand, especially in Asia Pacific.
Hilton's Q3 earnings beat EPS estimates but missed revenue expectations, leading to a stock dip. The lowered FY24 GAAP EPS outlook further pressured the stock. Despite positive growth in occupancy and expansion, the market reacted negatively to the guidance.
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IMPORTANCE 80
RELEVANCE 100