Hilton Shows Staying Power | thestreet.com
Hilton Hotels reported strong first-quarter profits and beat Wall Street expectations as the cyclical lodging recovery rolled along. The company also offered an improved forecast for the rest of the year. The Beverly Hills, Calif. hotelier said net income was $64 million, or 16 cents a share, up 73% from $37 million, or 10 cents a share a year earlier. Earnings included special items that boosted EPS by a penny. They included a $2 million pretax impairment charge, a $6 million pretax gain on asset sales and a $5 million pretax gain related to the company's synthetic fuel investment.
