DUBLIN, Calif. (AP) — DUBLIN, Calif. (AP) — TriNet Group Inc. (TNET) on Friday reported first-quarter profit of $85 million.
The Dublin, California-based company said it had net income of $1.71 per share. Earnings, adjusted for one-time gains and costs, were $1.99 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The human resources services outsourcing company posted revenue of $1.29 billion in the period. Its adjusted revenue was $350 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $329.8 million.
TriNet expects full-year earnings in the range of $3.25 to $4.75 per share.
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