Frontdoor: Q4 Earnings Snapshot

MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — Frontdoor Inc. (FTDR) on Wednesday reported fourth-quarter net income of $9 million.

On a per-share basis, the Memphis, Tennessee-based company said it had net income of 11 cents. Earnings, adjusted for non-recurring costs, came to 20 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The home services provider posted revenue of $366 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $358.7 million.

For the year, the company reported profit of $171 million, or $2.12 per share. Revenue was reported as $1.78 billion.

Frontdoor expects full-year revenue in the range of $1.81 billion to $1.84 billion.

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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