Hilton Worldwide (HLT) jumped more than 5.5% on Wednesday as the hotel operator raised its full-year guidance and posted better-than-expected first-quarter earnings as 10,000 new rooms were added in the period.
The McLean, Va.-based company said it expects full-year adjusted per-share earnings of $3.74 to $3.84, up from its February guidance of $3.66 to $3.78. For the second quarter, it expects adjusted earnings between $0.81 and $1.03 a share.
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For the just-ended quarter, Hilton earned $0.80 per adjusted share, up from $0.69 the year before and above Capital IQ’s consensus of $0.76. Revenue was $2.2 billion, up from $2.07 billion last year and slightly below the Street’s $2.21 billion view.