Hilton posts 4Q revenue of $2.83 billion, result beats expectations

StocksAssociated Press

Hilton Worldwide Holdings Inc. (HLT) on Wednesday reported fourth-quarter net income of $158 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs, came to 17 cents per share.

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The hotelier posted revenue of $2.83 billion in the period, which topped Street forecasts. Analysts expected $2.75 billion, according to Zacks.

For the year, the company reported profit of $673 million, or 68 cents per share. Revenue was reported as $10.5 billion.

For the current quarter ending in March, Hilton expects its per-share earnings to range from 10 cents to 12 cents.

The company expects full-year earnings in the range of 78 cents to 83 cents per share.

Hilton shares have climbed almost 10 percent since the beginning of the year. The stock has climbed 30 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLT at http://www.zacks.com/ap/HLT

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Keywords: Hilton, Earnings Report