Hilton’s stock rises as higher occupancy and rates leads to earnings beat, upbeat outlook

Shares of Hilton Worldwide Holdings Inc. HLT tacked on 0.6% toward a 14-month high in premarket trading Wednesday, after the hotel operator reported second-quarter profit and revenue that beat expectations, boosted by increases in occupancy and average daily rates. Net income rose to $411 million, or $1.55 a share, from $368 million, or $1.32 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.63 beat the FactSet consensus of $1.58.

6% toward a 14-month high in premarket trading Wednesday, after the hotel operator reported second-quarter profit and revenue that beat expectations, boosted by increases in occupancy and average daily rates. Net income rose to $411 million, or $1.55 a share, from $368 million, or $1.32 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.63 beat the FactSet consensus of $1.58. Total revenue grew 18.8% to $2.

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