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TriNet: Q4 Earnings Snapshot
By AP News - Feb 13, 2025, 08:18 AM ET
Last Updated - Feb 13, 2025, 08:18 AM EST
DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — TriNet Group Inc. (TNET) on Thursday reported a loss of $23 million in its fourth quarter.
The Dublin, California-based company said it had a loss of 46 cents per share. Earnings, adjusted for one-time gains and costs, were 44 cents per share.
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The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The human resources services outsourcing company posted revenue of $1.28 billion in the period. Its adjusted revenue was $252 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $225.7 million.
For the year, the company reported profit of $173 million, or $3.43 per share. Revenue was reported as $1.26 billion.
TriNet expects full-year earnings in the range of $3.25 to $4.75 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNET at https://www.zacks.com/ap/TNET
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