Trinet Group Q1 Adj $2.16 Misses $2.46 Estimate, Sales $1.26B Miss $1.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Trinet Group (NYSE:TNET) reported Q1 adjusted earnings of $2.16 per share, missing the consensus estimate of $2.46, and sales of $1.26B, below the $1.27B estimate. This represents a 13.25% decrease in earnings and a 1.44% increase in sales year-over-year.
April 26, 2024 | 12:03 pm
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NEGATIVE IMPACT
Trinet Group reported lower-than-expected Q1 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported decrease in earnings compared to the same period last year further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100