DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — TriNet Group Inc. (TNET) on Wednesday reported first-quarter earnings of $131 million.
On a per-share basis, the Dublin, California-based company said it had net income of $2.17. Earnings, adjusted for one-time gains and costs, came to $2.49 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The human resources services outsourcing company posted revenue of $1.25 billion in the period. Its adjusted revenue was $394 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $364.6 million.
For the current quarter ending in June, TriNet expects its per-share earnings to range from $1.15 to $1.40.
The company expects full-year earnings in the range of $5.40 to $6.35 per share.
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