Piper Jaffray Cuts Price Target on TriNet Group (TNET) to $22 Following 2Q EPS Miss

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Go back to Piper Jaffray Cuts Price Target on TriNet Group (TNET) to $22 Following 2Q EPS Miss

GPM Announces Investigation of TriNet Group Inc.

August 3, 2015 9:09 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (GPM) announces an investigation on behalf of investors of... More

TriNet Announces Second Quarter Fiscal 2015 Results

August 3, 2015 4:05 PM EDT

SAN LEANDRO, Calif., Aug. 3, 2015 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of a comprehensive human resources solution for small to medium-sized businesses, today announced financial results for the second quarter ended June 30, 2015.

Selected second quarter results include:

Total revenues increased 22% to $640.0 million, while Net Service Revenues decreased 2% to $122.0 million compared to the same period last year, due primarily to unexpected large medical claims during the quarter.  Total WSEs at June 30, 2015 increased 17% from June 30, 2014, to approximately 302,000. Net loss was $1.3 million, or... More