TRINET GROUP INC (TNET) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $23 million, or $0.46 per share. This compares with $67 million, or $1.31 per share, last year.
Excluding items, TRINET GROUP INC reported adjusted earnings of $22 million or $0.44 per share for the period.
Analysts on average had expected the company to earn $0.24 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.3% to $1.277 billion from $1.261 billion last year.
TRINET GROUP INC earnings at a glance (GAAP) :
-Earnings: $23 Mln. vs. $67 Mln. last year.
-EPS: $0.46 vs. $1.31 last year.
-Revenue: $1.277 Bln vs. $1.261 Bln last year.
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