BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith announces an investigation on behalf of Frontdoor Inc. (“Frontdoor” or the “Company”) (NASDAQ: FTDR) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 5, 2018, Frontdoor announced its unaudited third-quarter 2018 results and lowered its 2018 adjusted Ebitda outlook to $215-$225 million from $245-$255 million. Frontdoor attributed the negative revision to higher claims costs and continued investments in sales and marketing. On this news, shares of Frontdoor fell $10.48, or nearly 30%, to close at $24.65 on November 6, 2018, thereby injuring investors.
If you purchased Frontdoor securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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