TRINET GROUP INC (TNET) revealed a profit for third quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $45 million, or $0.89 per share. This compares with $94 million, or $1.63 per share, in last year's third quarter.
Excluding items, TRINET GROUP INC reported adjusted earnings of $59 million or $1.17 per share for the period.
Analysts on average had expected the company to earn $1.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.2% to $1.237 billion from $1.222 billion last year.
TRINET GROUP INC earnings at a glance (GAAP) :
-Earnings (Q3): $45 Mln. vs. $94 Mln. last year.-EPS (Q3): $0.89 vs. $1.63 last year.-Revenue (Q3): $1.237 Bln vs. $1.222 Bln last year.
-Guidance:Next quarter EPS guidance: $0.06 to $0.57Next quarter revenue guidance: Growth of -1% to 2%Full year EPS guidance: $4.95 to $5.45Full year revenue guidance: Growth of 1% to 2%
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.