TriNet Group (TNET) Tops Q4 EPS by 2c

TriNet Group (NYSE: TNET) reported Q4 EPS of $0.38, $0.02 better than the analyst estimate of $0.36. Revenue for the quarter came in at $173.1 million versus the consensus estimate of $168.19 million.

• Total revenues increased 12% to $811.1 million and Net Service Revenues increased 16% to $173.1 million, each as compared to the same period last year.
• Total WSEs at December 31, 2016 increased 4% from December 31, 2015, to approximately 338,000.
• Net income was $23.0 million, or $0.32 per diluted share, compared to net income of $14.1 million, or $0.20 per diluted share, in the same period last year.
• Adjusted Net Income was $26.9 million, or $0.38 per diluted share, compared to Adjusted Net Income of $22.2 million, or $0.31 per diluted share, in the same period last year.
• Adjusted EBITDA was $56.4 million, a 23% increase from the same period last year.

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

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