MEMPHIS, Tenn. (AP) _ Frontdoor Inc. (FTDR) on Wednesday reported first-quarter net income of $13 million.
The Memphis, Tennessee-based company said it had profit of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 19 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The home services provider posted revenue of $271 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $268.6 million.
Frontdoor expects full-year revenue in the range of $1.36 billion to $1.38 billion.
Frontdoor shares have increased 29% since the beginning of the year.
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