Yahoo Finance TriNet: Q2 Earnings Snapshot
DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — TriNet Group Inc. (TNET) on Friday reported second-quarter net income of $60 million.
The Dublin, California-based company said it had net income of $1.20 per share. Earnings, adjusted for one-time gains and costs, came to $1.53 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The human resources services outsourcing company posted revenue of $1.23 billion in the period. Its adjusted revenue was $310 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $301.8 million.
For the current quarter ending in September, TriNet expects its per-share earnings to range from $1 to $1.50.
The company expects full-year earnings in the range of $5.25 to $6.80 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
