TriNet: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 05:34 PM ET
Last Updated - Jun 22, 2023, 03:19 AM EDT
DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — TriNet Group Inc. (TNET) on Wednesday reported first-quarter earnings of $131 million.
On a per-share basis, the Dublin, California-based company said it had net income of $2.17. Earnings, adjusted for one-time gains and costs, came to $2.49 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The human resources services outsourcing company posted revenue of $1.25 billion in the period. Its adjusted revenue was $394 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $364.6 million.
