Brief: Frontdoor Q2 Revenue Rose 9% To $388 Mln

frontdoor

07/08/2019 21:17

Aug 7 (Reuters) - Frontdoor Inc  FTDR.O :
    * FRONTDOOR ANNOUNCES SECOND-QUARTER 2019 REVENUE INCREASE
OF 9
PERCENT TO $388 MILLION; GROSS PROFIT MARGIN IMPROVED 800 BASIS
POINTS TO 53 PERCENT
    * Q2 EARNINGS PER SHARE $0.71
    * Q2 REVENUE ROSE 9 PERCENT TO $388 MILLION
    * SEES FY 2019 REVENUE $1.36 BILLION TO $1.38 BILLION
    * QTRLY ADJUSTED DILUTED EARNINGS PER SHARE $0.73
    * INCREASING 2019 ADJUSTED EBITDA OUTLOOK TO $290 MILLION TO
$300
MILLION
    * SEES FY 2019 CAPITAL EXPENDITURES IS ANTICIPATED TO REMAIN
WITHIN RANGE OF $30 MILLION TO $40 MILLION
    * Q2 EARNINGS PER SHARE VIEW $0.51, REVENUE VIEW $387.5
MILLION --
REFINITIV IBES DATA
    * FY2019 REVENUE VIEW $1.37 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBwCVtCga 
Further company coverage:  FTDR.O 

 ((Reuters.Briefs@thomsonreuters.com;))