TriNet Group (TNET) Tops Q3 EPS by 35c, Beats on Revenues

TriNet Group (NYSE: TNET) reported Q3 EPS of $0.60, $0.35 better than the analyst estimate of $0.25. Revenue for the quarter came in at $205.9 million versus the consensus estimate of $174.92 million.

Third quarter highlights include:

• GAAP Total revenues increased 6% to $819.3 million, while Net Service Revenues increased 28% to $205.9 million, each as compared to the same period last year.
• GAAP Net income was $42.8 million, or $0.60 per diluted share, compared to net income of $14.6 million, or $0.20 per diluted share, in the same period last year.
• Adjusted Net Income was $40.3 million, or $0.56 per diluted share, compared to Adjusted Net Income of $20.8 million, or $0.29 per diluted share, in the same period last year.
• Adjusted EBITDA was $80.3 million, a 77% increase from the same period last year.
• Total WSEs at September 30, 2017 decreased 3% from September 30, 2016, to approximately 325,000.
• Average WSEs decreased 2% as compared to the same period last year, to approximately 324,000.

For earnings history and earnings-related data on TriNet Group (TNET) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• CVG to join Russell 2000 and Russell 3000 indexes June 26
• Carnival Corp. (CCL) Tops Q2 EPS by 8c, Beats on Revenue; Offers Guidance