Hilton Reports Earnings and Gives Guidance for 2018

Hilton Worldwide Holdings Inc. (HLT) reported fourth-quarter and 2017 annual earnings on February 14. Fourth-quarter EPS were $2.61 compared to a loss of $1.20 per share during the fourth quarter of the previous year. Net income was $841 million for the quarter and $1,264 million for the year. Hilton expects net income of between $802 million and $837 million and EPS between $2.49 and $2.60 in 2018.

 

Sonal received the news and issued an alert at 6:00 am. The next trade was at 6:11 am for $83.36. The stock price spiked during pre-market trading before opening for regular market trading at $82.12. Hilton’s stock price trended higher through the remainder of the day before closing at $85.46.

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