Trinet Group Q2 2024 Adj EPS $1.53 Beats $1.28 Estimate, Sales $1.226B Beat $1.213B Estimate
Portfolio Pulse from Benzinga Newsdesk
Trinet Group (NYSE:TNET) reported Q2 2024 adjusted EPS of $1.53, beating the $1.28 estimate. Sales were $1.226 billion, surpassing the $1.213 billion estimate. Despite the beats, EPS decreased by 12.07% year-over-year.
July 26, 2024 | 12:01 pm
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Trinet Group's Q2 2024 earnings and sales both beat analyst estimates, with EPS at $1.53 and sales at $1.226 billion. However, EPS decreased by 12.07% year-over-year.
Trinet Group's earnings and sales both exceeded analyst expectations, which is generally positive for the stock. However, the year-over-year decline in EPS may temper some of the enthusiasm. Overall, the short-term impact is likely to be positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100