MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — Frontdoor Inc. (FTDR) on Wednesday reported third-quarter profit of $106 million.
On a per-share basis, the Memphis, Tennessee-based company said it had profit of $1.42. Earnings, adjusted for one-time gains and costs, came to $1.58 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The home services provider posted revenue of $618 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $609.9 million.
Frontdoor expects full-year revenue in the range of $2.08 billion to $2.09 billion.
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