Hilton beats by $0.03, reports revs in-line; guides Q4 EPS below consensus (90.73)
- Reports Q3 (Sep) earnings of $1.05 per share, $0.03 better than the S&P Capital IQ Consensus of $1.02; revenues rose 6.3% year/year to $2.4 bln vs the $2.39 bln S&P Capital IQ Consensus.
- System-wide comparable RevPAR increased 0.4% on a currency neutral basis for the third quarter from the same period in 2018.
- HLT opened 17,400 rooms in the third quarter, contributing to 15,600 net additional rooms, on track to deliver approximately 6.5% net unit growth for the full year.
- Co issues downside guidance for Q4, sees EPS of $0.91-$0.96 vs. $0.99 S&P Capital IQ Consensus. System-wide comparable RevPAR is expected to be roughly flat on a currency neutral basis compared to 4Q18