Hilton said it expects earnings to drop by half in third quarter.

Hilton said it expects earnings to drop by half in third quarter

BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. - Hilton Hotels

For the company involved in the buy out please see Hilton Hotels Corporation. This hotel chain is not the company being acquired.

The Hilton brand was re-united internationally after more than 40 years in February 2006, when United States-based Hilton Corp. said it expects a 50 percent drop in third-quarter earnings from operations because of a decline in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. gambling revenues.

Hilton's earnings from operations in the third quarter of 1989 were $30.5 million, or 63 cents a share. Its earnings for the 1989 quarter were $28.1 million, or 58 cents a share.

Hilton, which owns or franchises more than 270 hotels, said the reduction was due primarily to a decline in gaming revenues from the Las Vegas Hilton The Las Vegas Hilton is a hotel, casino, and convention center in Las Vegas, Nevada. It is a joint venture between Colony Capital, which owns 60 percent, and New York City-based REIT Whitehall Street Real Estate Funds, which owns the remaining 40 percent. , which has hurt by increased competition in that city.

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Title Annotation:	Hilton Hotels Corp.
Publication:	Los Angeles Business Journal
Date:	Sep 17, 1990
Words:	107
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