NEW YORK (TheStreet) -- Hilton Worldwide Holdings (HLT) - Get Report stock is falling 1.54% to $24.92 on Wednesday after the company revised its full-year earnings guidance during its third quarter fiscal 2015 earnings release.
Profit for this year is now projected to be between the range of 81 cents to 83 cents a share, compared to its previous outlook of 80 cents to 84 cents a share.
In the latest quarter, the company earned 23 cents a share, in line with Wall Street forecasts.
Revenue came in at $2.9 billion, above analysts' estimates of $2.87 billion.
Overall, the company performed better in the recent quarter than the same period the year before, when it earned 18 cents a share on revenue of $2.64 billion.
"The fundamentals of our business remain strong, particularly in the U.S. where demand growth continues to exceed historically low levels of supply," CEO Christopher J. Nassetta stated.
Growth for the latest quarter was boosted by the recent launch of a new boutique hotel chain and additional hotels in markets like Latin America, the Wall Street Journal said.
Based in McLean, VA, Hilton Worldwide is a hospitality company that owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide.
Separately, TheStreet Ratings team rates HILTON WORLDWIDE HOLDINGS as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
We rate HILTON WORLDWIDE HOLDINGS (HLT) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins.
You can view the full analysis from the report here: HLT