TriNet: Fourth Quarter Earnings Overview

TriNet Group Reports Fourth Quarter Financial Results

TriNet Group Inc., headquartered in Dublin, California, announced a net loss of $1 million for the fourth quarter.

The company recorded a loss of $0.01 per share for the quarter. After adjusting for nonrecurring items, earnings stood at $0.46 per share.

These adjusted earnings exceeded the expectations of Wall Street analysts, who had predicted $0.37 per share, according to a consensus from Zacks Investment Research.

TriNet, which specializes in human resources outsourcing, generated $1.25 billion in total revenue during the quarter. However, its adjusted revenue of $245 million fell short of analyst projections, which averaged $251.6 million.

For the full fiscal year, TriNet reported a net income of $155 million, or $3.20 per share, on revenue totaling $1.18 billion.

Looking ahead, the company anticipates its earnings for the coming year will range between $3.70 and $4.70 per share.