TriNet Announces Second Quarter 2020 Results and the Acquisition of Little Bird HR
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TriNet Group (TNET) Tops Q2 EPS by 95c, Revenues Beat
July 27, 2020 4:22 PM EDTTriNet Group (NYSE: TNET) reported Q2 EPS of $2.03, $0.95 better than the analyst estimate of $1.08. Revenue for the quarter came in at $335 million versus the consensus estimate of $268.46 million.
Second quarter highlights include:
Total revenues increased 1% to $0.9 billion and Net Service Revenues increased 45% to $335 million, as compared to the same period last year.Net income was $126 million, or $1.87 per diluted share, compared to net income of $46 million, or $0.64 per diluted share, in the same period last year.Adjusted Net Income was $136 million, or $2.03 per diluted share, compared... More