TriNet Q1 Profit Down, Beats Market; Confirms FY25 Outlook; Stock Up In Pre-market - Update

(RTTNews) - HR solutions provider TriNet Group, Inc. (TNET), while reporting weak first-quarter profit, but above market estimates, on Friday reiterated its outlook for fiscal 2025 earnings and revenues.

In the pre-market activity on the NYSE, TriNet shares were gaining around 4.2 percent to trade at $80.80.

For fiscal 2025, the company continues to expect profit per share of $1.90 to $3.40, adjusted profit of $3.25 to $4.75 per share, and revenues between $4.95 billion and $5.14 billion.

The Wall Street analysts on average estimate earnings of $4 per share, and revenue of $1.12 billion for fiscal year 2025. Analysts' estimates typically exclude special items.

In its first quarter, net profit totaled $85 million or $1.71 per share, down from $91 million or $1.78 per share last year.

Adjusted net income was $99 million or $1.99 per share, compared to $111 million or $2.16 per share a year ago.

Analysts had expected the company to earn $1.60 per share.

The company's revenue for the period rose 0.8% to $1.292 billion from $1.282 billion last year.

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