Frontdoor Reports Q3 Earnings Beat and Increases Full-Year Guidance
Frontdoor (FTDR) reported third-quarter financial results that exceeded analyst expectations, posting a Non-GAAP EPS of $1.81, which beat consensus by $0.04. The company's revenue reached $655 million, representing a 6.0% year-over-year increase and surpassing estimates by $7.17 million. In addition to the earnings beat, Frontdoor announced a new $1 billion share repurchase authorization and raised its full-year outlook for both revenue and adjusted EBITDA. The company also noted a slight growth in home warranties, which rose 1% to reach 2.14 million total memberships.
Tickers: $FTDR
Topics: earnings guidance home warranties revenue growth share repurchase