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via finance.yahoo.comMarkets

Hilton: third-quarter revenue below expectations despite solid demand

FROM THE WIRE · FINANCE.YAHOO.COM

Hilton's third quarter saw revenue growth of 6.6% year-over-year, but sales came in below Wall Street's expectations. Despite this, management highlighted robust demand in both business and group travel segments, with CEO Christopher Nassetta crediting a "C-shaped economy" and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe revenue miss is negative for the stock, although adjusted EPS beat estimates.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Hilton reported revenue of $3.33 billion versus $3.38 billion expected.
  2. 02Adjusted EPS was $2.45 versus $2.37 expected.
  3. 03CEO Christopher Nassetta cited robust business and group travel demand.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Hilton Worldwide Holdings Inc.HLTStock357.03 USDMarket closedtoday +0.03%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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