Hilton Worldwide Touts Strong Growth Pipeline But Outlook Falls Short

Hilton Worldwide Holdings Inc. (NYSE:HLT) shares are trading lower on Wednesday after the company’s third-quarter outlook fell short of the consensus despite beating second-quarter earnings and revenue estimates.

The company reported second-quarter adjusted earnings per share of $2.20, beating the analyst consensus estimate of $2.01. Quarterly sales of $3.137 billion outpaced the Street view of $3.096 billion.

Hilton said it approved 36,200 new rooms for development during the second quarter, bringing our development pipeline to a record 510,600 rooms as of June 30, up 4% year over year.

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“On the development side, we achieved the ...