By Katherine Hamilton
TriNet shares were trading higher after the company beat Wall Street expectations for first-quarter earnings and sales.
Shares rose 4% to $80.68 Friday morning, following earnings. The stock is still down 11% this year.
The human capital management provider posted a profit of $85 million, or $1.71 a share, ahead of the $71.2 million, or $1.35 a share, that analysts polled by FactSet had expected.
Stripping out one-time items, adjusted per-share earnings were $1.99. Analysts were forecasting $1.58 a share.
Revenue rose 1% to $1.29 billion, in line with Wall Street's projections.
TriNet also reaffirmed its full-year guidance. Chief Executive Mike Simonds said it was a strong quarter as TriNet helped customers navigate a challenging economic environment.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 25, 2025 10:33 ET (14:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。