TriNet Group (TNET) Misses Q4 EPS by 1c

TriNet Group (NYSE: TNET) reported Q4 EPS of $0.46, $0.01 worse than the analyst estimate of $0.47.

Fourth quarter highlights include:

• Total revenues increased 5% to $848 million and Net Service Revenues increased 18% to $204 million, each as compared to the same period last year.
• Net income was $66 million, or $0.92 per diluted share, compared to net income of $23 million, or $0.32 per diluted share, in the same period last year.
  • Net income benefited by $0.56 per diluted share due to the Tax Cuts and Jobs Act.
• Adjusted Net Income was $33 million, or $0.46 per diluted share, compared to Adjusted Net Income of $27 million, or $0.38 per diluted share, in the same period last year.
• Adjusted EBITDA was $69 million, a 22% increase from the same period last year.
• Total WSEs at December 31, 2017 decreased 4% as compared to the same period last year to approximately 325,000.
• Average WSEs decreased 3% as compared to the same period last year, to approximately 323,000.

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

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