| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 2.6B | -1% |
| Operating Income | 533MM | +33% |
| Operating Expenses | 2B | - |
| Net Income | 265MM | +80% |
| G&A | 104MM | -5% |
| Amortization | 36MM | +9% |
| Interest Expense | 131MM | +6% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Hilton's (HLT) first-quarter performance benefits from a fee-based business model and robust development initiatives.
Shares of hotel company Hilton (NYSE:HLT) jumped 6.4% in the morning session after the company reported first quarter results that beat analysts' revenue and EPS expectations. Additionally, adjusted EBITDA guidance for the full year 2024 was raised and came in above expectations. On the other hand, its operating margin missed and its full-year earnings guidance fell short of Wall Street's estimates. While not perfect, this was still a solid quarter for Hilton.
The headline numbers for Hilton Worldwide (HLT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Highlights and Comprehensive Analysis of Hilton's Financial Performance
Hotel company Hilton (NYSE:HLT) announced better-than-expected results in Q1 CY2024, with revenue down NaN% year on year to $2.57 billion. It made a non-GAAP profit of $1.53 per share, improving from its profit of $1.24 per share in the same quarter last year.
MCLEAN, Va., April 24, 2024--Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its first quarter 2024 results. Highlights include:
Multiple earnings are to be released on Wednesday including: Meta (META), IBM (IBM) , ServiceNow (NOW), AT&T (T) , Boeing (BA), Chipotle (CMG), Ford (F), Hilton (HLT), and Hasbro (HAS) Economic data in the form of durable foods for March will be released on Wednesday. Current estimates are around 2.6% for March, double the number from February. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicho...
Hotel company Hilton (NYSE:HLT) will be reporting results tomorrow before market open. Here's what to look for.
Hilton's (HLT) first-quarter 2024 performance is likely to have benefited from steady leisure demand, continued recovery in business transient and group businesses and expanded partnerships.
Let's talk about the popular Hilton Worldwide Holdings Inc. ( NYSE:HLT ). The company's shares saw significant share...