TriNet Group (NYSE: TNET) reported Q4 EPS of $0.31, in-line with the analyst estimate of $0.31. Revenue for the quarter came in at $149 million versus the consensus estimate of $151.87 million.

Stock repurchase program increased by $50 million.

TriNet also announced that they will file a Form 12b-25 with the SEC today providing for a fifteen (15) calendar day extension for its Annual Report on Form 10-K for the fiscal year ended December 31, 2015. With this being TriNet's first assessment of internal controls over financial reporting pursuant to the Sarbanes-Oxley Act of 2002, and given the multiple technology platforms that require evaluation and testing, TriNet requires additional time to complete its assessment of its internal control over financial reporting.

In preparing the Company's financial statements as of and for the year ended December 31, 2015, the Company identified material weaknesses in its internal control over financial reporting relating to ineffective information technology general controls and ineffective controls in key business processes. While these material weaknesses create a reasonable possibility that an error in financial reporting may go undetected, after extensive review and analysis, no material adjustments, restatement or other revisions to previously issued financial statements are expected to be required.

TriNet is working diligently to finalize the assessment of internal control over financial reporting and obtain the related attestation from its auditors. TriNet currently expects to finalize its financial results and file its Annual Report on Form 10-K prior to the expiration of the extension period and further expects that the financial information contained in the Form 10-K will be consistent with the financial results reported in this earnings release.

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