TriNet Group (NYSE: TNET) reported Q4 EPS of $0.80, $0.04 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $226 million versus the consensus estimate of $226.32 million.

"We delivered fourth quarter financial and operating performance in line with our plan," said Burton M. Goldfield, TriNet\'s President and CEO. "Our business momentum continued to improve as we benefited from new sales, improved customer retention, and strong growth from our installed base. We took quick action to mitigate the elevated insurance costs which we experienced in 2019. Our board of directors approved an expansion of our share buyback program, reflecting both TriNet\'s value and strong cash generation. We are positioned for strong 2020 operating and financial performance, and we expect to again deliver profitable growth for our shareholders."

TriNet also announced today that Chief Financial Officer, Richard Beckert, is transitioning from the Company to pursue professional and personal interests.

In February 2020, TriNet\'s Board of Directors approved a $300 million increase to its ongoing stock repurchase program.

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