Latest news with #Hilton
CTV News
2 hours ago
- Business
- CTV News
Hilton lifts 2025 profit forecast on U.S. demand recovery expectations
The Doubletree by Hilton Hotel on King Street in London, Ont. (Daryl Newcombe/CTV News London) Hilton Worldwide lifted its forecast for 2025 profit on expectations of a complete recovery in domestic travel demand in the U.S. after a sharp pullback in March and April. Domestic travel suffered a setback earlier this year after U.S. President Donald Trump's aggressive tariff announcements triggered fears of an economic recession that led consumers to rein in discretionary expenses. Some travel companies recently flagged that travel demand in the U.S. has steadied, but international tourists from Canada and Europe have cut down U.S. visits following Trump's new trade policy. Earlier this month, U.S. legacy carrier Delta Airlines said that while bookings had stabilized, they were at a lower level than the airline had estimated at the start of the year. United Airlines CEO Scott Kirby has made similar remarks, saying that despite demand leveling off, the carrier finished the first half about five percentage points weaker than its original estimate. A slower-than-expected recovery in travel demand also impacted Hilton's second-quarter room revenue in the U.S., which fell 1.5 per cent compared to a year earlier. Shares of the company were down about two per cent in premarket trading. But the company remains hopeful. 'We believe the (U.S.) economy... is set up for better growth over the intermediate term, which should accelerate travel demand,' said Hilton CEO Christopher Nassetta. The McLean, Virginia-based company now expects full-year adjusted profit to be in the range of US$7.83 and $8 per share, compared with its earlier forecast of $7.76 to $7.94. The Waldorf Astoria-parent posted an adjusted profit of $2.20 per share in the second quarter, beating Wall Street estimates of $2.04, according to data compiled by LSEG. Total revenue for the quarter ended June 30 was $3.14 billion, up 6.3 per cent from a year earlier. Analysts, on average, had expected revenue of $3.10 billion. (Reporting by Aishwarya Jain in Bengaluru; Editing by Shinjini Ganguli)
CNBC
3 hours ago
- Business
- CNBC
Stocks making the biggest moves premarket: Hasbro, Texas Instruments, Hilton, AT&T and more
Check out the companies making headlines before the opening bell. Hilton Worldwide -- The hotel stock slipped nearly 2% despite Hilton posting a second-quarter earnings and revenue beat. Hilton reported adjusted earnings of $2.20 per share on revenue of $3.14 billion, while analysts polled by LSEG had expected earnings of $2.04 and $3.10 billion in revenue. The company also raised its full-year earnings guidance to between $7.83 to $8.00 per share, versus its prior range of between $7.76 and $7.94. Hasbro — Shares traded 3% higher in the premarket after the toymaker reported second-quarter results that beat analyst expectations. The company earned an adjusted $1.30 per share on revenue of $980.8 million. Analysts expected a profit of 78 cents per share on revenue of $880 million, according to LSEG. Hasbro also raised its full-year earnings guidance, "fueled by performance in our Wizards business," CFO Gina Goetter said in a statement. SAP — U.S.-listed shares of the enterprise software company fell 4.2%. The company posted 9.03 billion euros for second-quarter revenue, missing the LSEG consensus estimate of 9.08 billion euros. Texas Instruments — The chip stock dropped nearly 10% in premarket trading after the firm released a third-quarter forecast that missed estimates. The semiconductor company did report second-quarter results that beat analysts' expectations for revenue and earnings, however. AT & T — The telecom giant saw shares falling more than 3% even after the company exceeded Wall Street expectations for second-quarter earnings and revenue. AT & T also added more wireless subscribers than expected as discounted bundles combining 5G mobile and high-speed fiber plans gained traction. Enphase Energy — The solar stock dropped 8% in early trading after the firm issued third-quarter revenue guidance that came below Wall Street estimates. Enphase said tariffs had impacted its gross margin. Capital One — The bank stock climbed nearly 3% in premarket after the consumer lender's earnings crushed expectations, helped by a rise in interest income. Its quarterly revenue came in below an LSEG estimate, however. Intuitive Surgical — The healthcare name rose about 1% in premarket after the firm beat Wall Street estimates for second-quarter profit and revenue amid increasing demand for its surgical robots used in minimally invasive procedures. — CNBC's Alex Harring, Lisa Han and Fred Imbert contributed reporting.
Wall Street Journal
3 hours ago
- Business
- Wall Street Journal
Hilton Posts Higher Profit Despite Continued Uncertainty
Hilton HLT 1.10%increase; green up pointing triangle Worldwide logged higher profit and revenue in the second quarter, despite warnings that softer spending and broader economic uncertainty have challenged business. The hotel operator on Wednesday posted net income attributable to company stockholders of $440 million, compared with $421 million a year earlier. Quarterly earnings rose to $1.84 a share from $1.67 a share.
Yahoo
4 hours ago
- Business
- Yahoo
Hilton beats earnings expectations despite modest RevPAR decline
-- Hilton Worldwide Holdings Inc. reported second-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $2.20 surpassing the consensus estimate of $2.03. Revenue for the quarter came in at $3.14 billion, slightly above the analyst forecast of $3.1 billion. The hotel giant's system-wide comparable RevPAR (revenue per available room) declined 0.5% on a currency neutral basis compared to the same period in 2024, attributed to modest occupancy declines that were partially offset by ADR (average daily rate) gains. Despite this top-line weakness, management and franchise fee revenues increased 7.9% YoY. Hilton's stock edged up 0.6% following the announcement. "We continued to demonstrate the power of our resilient business model as we delivered strong bottom line results in the quarter, even with modestly negative top line performance given holiday and calendar shifts, reduced government spending, softer international inbound business and broader economic uncertainty," said Christopher Nassetta, President & CEO of Hilton. For the full year 2025, Hilton projects adjusted earnings per share between $7.83 and $8.00, compared to the analyst consensus of $7.96. The company expects system-wide RevPAR to be flat to up 2.0% on a comparable and currency neutral basis versus 2024. Hilton's development pipeline reached a record 510,600 rooms as of June 30, up 4% from the previous year. The company added 26,100 rooms to its system during the quarter, resulting in 22,600 net additional rooms and contributing to net unit growth of 7.5% YoY. Related articles Hilton beats earnings expectations despite modest RevPAR decline Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett If Powell goes, does Fed trust go with him? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
Hilton lifts 2025 profit forecast on US demand recovery
(Reuters) -Hotel operator Hilton Worldwide lifted its forecast for 2025 profit, as travel demand in the U.S. recovers from a downturn in March and April. Earlier this year, domestic travel took a hit after U.S. President Donald Trump's aggressive tariff announcements triggered fears of an economic recession that led consumers to rein in discretionary expenses. Some travel companies, such as Delta Air Lines and United Airlines have recently flagged that travel demand in the U.S. has steadied, although the recovery has been slower than anticipated. McLean, Virginia-based Hilton now expects full-year adjusted profit to be in the range of $7.83 and $8 per share, compared with its earlier forecast of $7.76 to $7.94. The Waldorf Astoria-parent posted an adjusted profit of $2.20 per share in the second quarter, compared with $1.91 a year ago. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
