Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com -- TriNet Group, Inc. (NYSE:TNET), a provider of human capital management solutions for small and medium-sized businesses, reported second quarter earnings that exceeded analyst expectations, despite flat revenue growth compared to the same period last year.
The company posted adjusted earnings per share of $1.15, surpassing the analyst estimate of $1.02 by $0.13. Revenue for the quarter came in at $1.2 billion, flat YoY. Professional service revenues decreased 8% to $172 million compared to the same period last year. Following the announcement, TriNet shares rose 3%, reflecting investor confidence in the company’s performance despite challenging market conditions.
"Our second quarter financial performance was in-line with our forecast and keeps us on track to achieve our full-year guidance," said Mike Simonds, TriNet President and CEO. "We continued to execute our strategy while supporting our SMB customers through the volatile business environment."
The company reported that average worksite employees (WSEs) decreased 4% compared to the same period last year, to approximately 336,000. Adjusted EBITDA was $105 million, representing an Adjusted EBITDA Margin of 8.5%, compared to $136 million and 10.9% in the same period last year.
TriNet reiterated its full-year 2025 guidance, projecting revenue between $4.95 billion and $5.14 billion, compared to the analyst consensus of $4.15 billion. The company expects adjusted earnings per share of $3.25 to $4.75 for the fiscal year.
During the first half of 2025, TriNet returned $117 million to shareholders through share repurchases and dividends, demonstrating its commitment to delivering shareholder value despite the challenging economic environment.
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