NEW YORK (TheStreet) -- Hilton Worldwide (HLT) - Get Report shares are up by 2.62% to $27.20 in early market trading on Wednesday, following the release of the hotel chain's second quarter earnings results.

The McLean, VA-based company reported second quarter earnings of $161 million, or 25 cents per diluted share on revenue that rose 12.2% year over year to $2.99 billion.

Analysts on average were expecting the company to report earnings of 23 cents per share on revenue of $2.89 billion.

Hilton Worldwide also issued in line current quarter earnings guidance between 21 cents and 23 cents per share versus analysts' 23 cents per share expectations.

For the full year the company raised its earnings guidance to between 80 cents per share and 84 cents per share from its previous view between 79 cents per share and 83 cents per share. 

Analysts are expecting Hilton Worldwide to earn 82 cents per share for the year.

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, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."

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