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Frontdoor: 2Q Earnings Snapshot

MEMPHIS, Tenn. (AP) _ Frontdoor Inc. (FTDR) on Wednesday reported second-quarter net income of $60 million.

On a per-share basis, the Memphis, Tennessee-based company said it had profit of 71 cents. Earnings, adjusted for amortization costs, came to 73 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The home services provider posted revenue of $388 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $387.8 million.

Frontdoor expects full-year revenue in the range of $1.36 billion to $1.38 billion.

Frontdoor shares have climbed 65% 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