Jefferies Cuts Price Target on TriNet Group (TNET) After Updating Estimates

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Go back to Jefferies Cuts Price Target on TriNet Group (TNET) After Updating Estimates

TriNet Group (TNET) Reports In-Line Q4 EPS; to Delay 10-K, Increases Buyback

February 29, 2016 4:46 PM EST

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... More