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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。