MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — Frontdoor Inc. (FTDR) on Monday reported third-quarter profit of $100 million.
On a per-share basis, the Memphis, Tennessee-based company said it had net income of $1.30. Earnings, adjusted for one-time gains and costs, came to $1.38 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The home services provider posted revenue of $540 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $540.5 million.
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