10:22 AM EDT, 08/01/2024 (MT Newswires) -- Frontdoor ( FTDR ) shares rose by more than 19% in recent Thursday trading after the company's Q2 financial results topped markets expectations.

The company reported Q2 adjusted earnings of $1.27 per diluted share, up from $0.87 per share a year earlier.

Analysts polled by Capital IQ expected $1.

Revenue for the quarter ended June 30 rose to $542 million from $523 million a year earlier.

Analysts surveyed by Capital IQ expected $536.7 million.

For Q3, the company expects revenue of $530 million to $545 million.

Analysts polled by Capital IQ expect $538 million.

For 2024, Frontdoor ( FTDR ) said it continues to expect revenue of $1.81 billion to $1.84 billion.

Analysts surveyed by Capital IQ expect $1.83 billion.

The company said its board recently authorized a new three-year, $650 million share repurchase authorization, starting Sept. 4.

Price: 47.22, Change: +7.76, Percent Change: +19.65