Shares of Frontdoor Inc (FTDR) plunged 10.16% on Thursday's intraday trading session, despite the company reporting better-than-expected fourth-quarter earnings results and providing a robust full-year outlook.
For the fourth quarter, Frontdoor reported earnings per share of $0.27, significantly higher than analysts' estimates of $0.11. Revenue rose 4.6% year-over-year to $383 million, surpassing expectations of $367.91 million.
Looking ahead, the home services provider issued a bullish full-year 2025 outlook, forecasting revenue in the range of $2.0 billion to $2.04 billion, compared to analysts' estimates of $1.943 billion. The company also expects adjusted EBITDA between $450 million and $475 million, along with a gross profit margin range of 51.5% to 53%.
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