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Recap: Trinet Group Q3 Earnings

Benzinga Insights
·1 min read

Shares of Trinet Group (NYSE:TNET) rose 7% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 30.86% year over year to $0.56, which beat the estimate of $0.16.

Revenue of $216,000,000 declined by 2.26% from the same period last year, which beat the estimate of $177,910,000.

Guidance

Trinet Group hasn't issued any earnings guidance for the time being.

Trinet Group hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 26, 2020

View more earnings on TNET

Time: 05:00 PM

ET Webcast URL: https://dpregister.com/DiamondPassRegistration/register?confirmationNumber=10147910&linkSecurityString=d8e5c7754a

Technicals

52-week high: $73.82

Company's 52-week low was at $27.79

Price action over last quarter: Up 0.28%

Company Overview

Trinet Group Inc is a United States-based company that provides human resources solutions for small to medium-size companies. The company's bundled product offerings include payroll processing, tax administration, employee benefits programs, employee compensation insurance and claims management, compliance, risk mitigation, expense and time management, human resources consultancy, and others. TriNet operates under a co-employment model, where employment-related responsibilities are allocated between the company and its customers through contracts. The company's customers come from various industries, including technology, life science, nonprofit organizations, professional services, etc. TriNet generates almost all its revenue from the American domestic market.

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