TriNet Group IncTNET
▲ PositiveCapitalrelevance
TriNet Group reported higher second-quarter profit and raised earnings guidance.
Impact on stocks 1
Industrials
TriNet Group IncTriNet Group announced a rise in second-quarter profit. Earnings totaled $53 million, or $1.15 per share, compared with $37 million, or $0.77 per share, in the same period last year. Excluding items, adjusted earnings were $72 million, or $1.55 per share. Revenue fell 4.8% to $1.178 billion from $1.238 billion a year earlier. The company issued full-year earnings per share guidance of $4.50 to $5.10 and full-year revenue guidance of $4.750 billion to $4.900 billion.
TriNet Group IncTriNet Group reported higher second-quarter profit and raised earnings guidance.