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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100