AP NEWS

Frontdoor: 3Q Earnings Snapshot

November 5, 2019

MEMPHIS, Tenn. (AP) _ Frontdoor Inc. (FTDR) on Tuesday reported third-quarter earnings of $61 million.

The Memphis, Tennessee-based company said it had net income of 72 cents per share. Earnings, adjusted for amortization costs, were 73 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The home services provider posted revenue of $407 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $410.3 million.

Frontdoor expects full-year revenue in the range of $1.36 billion to $1.37 billion.

Frontdoor shares have increased 77% since the beginning of the year. The stock has increased 35% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTDR at https://www.zacks.com/ap/FTDR