MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — Frontdoor Inc. (FTDR) on Tuesday reported second-quarter net income of $111 million.
The Memphis, Tennessee-based company said it had profit of $1.48 per share. Earnings, adjusted for non-recurring costs, came to $1.63 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The home services provider posted revenue of $617 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $602.1 million.
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