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.
