Hilton Worldwide shares slide after mixed Q3 results and weaker outlook
Hilton Worldwide reported third‑quarter adjusted earnings per share of $2.45, beating analyst estimates, but revenue of $3.33 billion missed expectations. The company forecast fourth‑quarter adjusted EPS of $2.32‑$2.38 and full‑year adjusted EBITDA of $4.06‑$4.08 billion, both below consensus, citing the U.S. midterm elections and Middle‑East challenges. The guidance prompted the stock to fall about 4.5% in pre‑market trading.
Why it matters
The lower-than‑expected Q4 profit and full‑year EBITDA guidance may pressure Hilton’s valuation and could lead investors to reassess growth expectations, as the company itself highlighted geopolitical and electoral risks to travel demand.
Key facts
- 1Adjusted earnings per share were $2.45, topping the analyst consensus of $2.35‑$2.37. investing.com
- 2Total revenue was $3.33 billion, below Wall Street’s expectation of roughly $3.36‑$3.38 billion. investing.com
- 3Fourth‑quarter adjusted EPS guidance was $2.32‑$2.38, below the analyst estimate of about $2.39. investing.com
- 4Full‑year adjusted EBITDA guidance was $4.06‑$4.08 billion. investing.com
- 5Hilton shares fell about 4.5% in pre‑market trading. investing.com
- 6Hilton shares dropped 4.5% pre‑market Tuesday despite Q3 results beating estimates. seekingalpha.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.