TriNet Group's stock plummeted 6.65% in Thursday's pre-market trading session, despite reporting better-than-expected Q4 2024 earnings. The drop was likely driven by the company's 2025 earnings guidance, which fell short of analyst expectations.
For the fourth quarter ended December 31, TriNet posted adjusted earnings per diluted share of $0.44, surpassing the consensus estimate of $0.22. Revenue rose modestly to $1.28 billion from $1.26 billion a year earlier.
However, the company's 2025 guidance overshadowed the solid Q4 results. TriNet forecast adjusted diluted earnings per share in the range of $3.25 to $4.75 on revenue between $4.9 billion and $5.1 billion. Analysts had projected higher adjusted earnings of $5.47 per share for the full year, suggesting the guidance fell short of expectations.