TriNet Group Reports Q4 Loss, Beats Earnings Expectations

DUBLIN, Calif. - TriNet Group Inc. (TNET) reported a fourth-quarter loss of $23 million on Thursday.

Key Financial Highlights:

* Diluted loss per share: $0.46
* Adjusted earnings per share: $0.44
* Revenue: $1.28 billion
* Adjusted revenue: $252 million

Analyst Expectations:

* Zacks Investment Research consensus analyst estimate: EPS $0.23
* Revenue estimate: $225.7 million

Yearly Performance:

* Annual profit: $173 million
* Annual EPS: $3.43
* Annual revenue: $1.26 billion

Outlook:

TriNet expects full-year 2023 earnings in the range of $3.25 to $4.75 per share.