Hilton Misses Revenue Estimates on Mideast Conflict
Hilton Worldwide reported third quarter revenue below expectations and warned that regional conflicts and upcoming elections could impact its fourth quarter performance. Despite this, the hotel operator raised its full year revenue forecast.
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HILTON WORLDWIDE HOLDINGS IN reported third-quarter revenue of $3.33 billion, missing analyst estimates of $3.37 billion as regional conflicts weighed on performance. The hotel operator posted an adjusted profit of $2.45 per share, topping the consensus estimate of $2.36. Shares fell 5% in premarket trading on the news.
