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TriNet Group (TNET) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-10-25 18:15
TriNet Group (TNET) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.03%. A quarter ago, it was expected that this human resources services outsourcing company would post earnings of $1.24 per share when it actually produced earnings of $1.53, delivering a surprise of 23.39%.Over t ...
TriNet(TNET) - 2024 Q3 - Earnings Call Transcript
2024-10-25 17:31
TriNet Group, Inc. (NYSE:TNET) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants Alex Bauer - Head, Investor Relations Mike Simonds - Chief Executive Officer Kelly Tuminelli - Chief Financial Officer Conference Call Participants Andrew Berkowitz - JPMorgan Kyle Peterson - Needham Kevin McVeigh - UBS Andrew Nicholas - William Blair Jared Levine - TD Cowen David Grossman - Stifel Operator Good morning and welcome to the TriNet Third Quarter 2024 Earnings Conference Call. All pa ...
TriNet(TNET) - 2024 Q3 - Quarterly Report
2024-10-25 12:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Emerging growth company ☐ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36373 TRINET GROUP, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 95-3359658 ...
TriNet(TNET) - 2024 Q3 - Quarterly Results
2024-10-25 12:09
TriNet Announces Third Quarter 2024 Results Q4 2024 Full Year 2024 Low High Low High Total Revenues (1)% 2% 1% 2% Professional Service Revenues (8)% (5)% —% 1% Insurance Cost Ratio 96.5% 93.5% 90.3% 89.6% Diluted net income per share of common stock $(0.19) $0.31 $3.70 $4.20 Adjusted Net Income per share - diluted $0.06 $0.57 $4.95 $5.45 DUBLIN, Calif. — October 25, 2024 — TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, tod ...
TriNet Announces Third Quarter 2024 Results
Prnewswire· 2024-10-25 12:00
DUBLIN, Calif., Oct. 25, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the third quarter ended September 30, 2024. The third quarter highlights below include non-GAAP financial measures which are reconciled later in this release.Third quarter highlights include: Total revenues increased 1% to $1.2 billion as compared to the same period last year. Flat professional ...
TriNet Announces Varsha Kakati as Vice President and Country Leader for Hyderabad, India Operations
Prnewswire· 2024-10-21 13:15
DUBLIN, Calif., Oct. 21, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Varsha Kakati has joined the company as Vice President and India Country Leader. Kakati will lead all operations at TriNet's Global Capabilities Center (GCC) in Hyderabad, India, which opened in August and supports a growing workforce of approximately 600 team members.  Varsha Kakati, India Country Leader and Vice P ...
I Was Too Optimistic On TriNet, But Now It's Undervalued And Ready For A Return To Growth
Seeking Alpha· 2024-10-20 16:58
TriNet Group (NYSE: TNET ) is managing a lukewarm hiring environment by improving new sales and experiencing near-record retention levels for the second straight year. The company is executing on its new sales ACV growth and driving improved I hold a Master's in Accounting, am a small business owner, and am an assistant investing educator for beginning and intermediate individual investors. My investing analysis focus is on identifying and developing deep knowledge of great businesses. I have helped manage ...
TriNet Releases Resourceful HR Book From Hire to Retire: A Guide to the Employee Life Cycle
Prnewswire· 2024-10-07 13:15
New Book Provides Guidance for SMBs to Create Positive Employee Experiences and Navigate HR Challenges with Ease DUBLIN, Calif., Oct. 7, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the launch of a new book, From Hire to Retire: A Guide to the Employee Life Cycle. Authored by Michael Mendenhall, Senior Vice President, Chief Marketing Officer and Chief Communications Officer at TriNet, the ...
TriNet to Report Third Quarter 2024 Financial Results on October 25
Prnewswire· 2024-10-04 12:30
DUBLIN, Calif., Oct. 4, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the third quarter ended September 30, 2024, before U.S. market hours on Friday, October 25, 2024. TriNet will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on October 25, 2024, to discuss the financial results. A live webcast of the conference call can be accessed on the Inves ...
TriNet Appoints Sidney Majalya as Chief Legal Officer and Announces Departure of Samantha Wellington
Prnewswire· 2024-09-05 20:15
DUBLIN, Calif., Sept. 5, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), has announced the appointment of Sidney Majalya as Senior Vice President, Chief Legal Officer and Secretary, effective September 16. Majalya succeeds Samantha Wellington, Executive Vice President, Business Affairs, Chief Legal Officer and Secretary who is departing after eight years with the Company to pursue another opportunity. TriNet ...