Hilton Worldwide Q1 Profit Meets View, Revenue Tops - Quick Facts

(RTTNews) - Hospitality company Hilton Worldwide Holdings Inc. (HLT) Wednesday said its attributable net income in the first quarter increased to $150 million from $123 million in the same period last year. Earnings per share increased to $0.15 from $0.12.

Adjusted earnings per share totaled $0.12, while it was $0.13 last year. On average, 20 analysts polled by Thomson Reuters expected earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $2.599 billion from $2.363 billion in the prior year. Analysts expected revenues of $2.41 billion.

System-wide comparable RevPAR increased 6.6 percent on a currency neutral basis.

Christopher Nassetta, President & CEO of Hilton Worldwide, said, "We started the year with another strong quarter, with top line growth at the high end of our guidance, despite significant weather impact in the U.S., and strong fee growth and owned asset performance, that all resulted in Adjusted EBITDA exceeding our guidance."

Looking ahead to the second quarter, adjusted earnings are projected to be between $0.21 and $0.23. System-wide RevPAR is expected to increase between 5 percent and 7 percent on a comparable and currency neutral basis. Analysts expect earnings of $0.23 per share.

For the year, adjusted earnings are projected to be between $0.79 per share and $0.83 per share, while Wall Street looks for $0.83 per share. System-wide RevPAR is expected to increase between 5 percent and 7 percent on a comparable and currency neutral basis.

In February, the company expected adjusted earnings per share to be between $0.78 and $0.83 for 2015.