12:25 PM EDT, 05/02/2024 (MT Newswires) -- Frontdoor ( FTDR ) shares advanced Thursday, recently climbing almost 6%, following its better-than-expected Q1 results.

Earlier, the company reported Q1 adjusted net income of $0.44 per diluted share, compared with $0.29 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Revenue for the quarter ended March 31 was $378 million, up from $367 million a year ago. Analysts expected $376.2 million.

For 2024, the home warranty company reiterated its revenue forecast of $1.81 billion to $1.84 billion.

Analysts are looking for $1.83 billion.

Price: 32.63, Change: +1.87, Percent Change: +6.08