Frontdoor Shares Slip After Q1 Beat
Frontdoor Inc shares slipped nearly 1% to $61.31 early Wednesday on Nasdaq, trading without a fresh catalyst. The company last reported first-quarter revenue up 6% to $451 million and net income up 11% to $41 million. Market cap stood near $4.43 billion. Contract claims costs rose $6 million in Q1, partly due to inflation and bad weather.