TRINET GROUP INC (TNET) revealed a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $85 million, or $1.71 per share. This compares with $91 million, or $1.78 per share, last year.
Excluding items, TRINET GROUP INC reported adjusted earnings of $99 million or $1.99 per share for the period.
Analysts on average had expected the company to earn $1.6 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.8% to $1.292 billion from $1.282 billion last year.
TRINET GROUP INC earnings at a glance (GAAP) :
-Earnings: $85 Mln. vs. $91 Mln. last year.
-EPS: $1.71 vs. $1.78 last year.
-Revenue: $1.292 Bln vs. $1.282 Bln last year.
-Guidance:
Full year EPS guidance: $3.25 to $4.75
Full year revenue guidance: $4.950 to $5.140 Bln
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