TriNet Group, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022
October 25, 2022 at 04:15 pm EDT
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TriNet Group, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the fourth quarter, the company expects total revenues to be negative 2%. Diluted net income per share of common stock to be in the range of negative $0.47 to positive $0.07. Net loss to be in the range of 143% to 93%.
For the full year, the company expects total revenues to be in the range of 7% to 8%. Diluted net income per share of common stock to be in the range of $4.30 to $4.85. Net loss to be in the range of 18% to 8%.
TriNet Group, Inc. provides small and medium-size businesses with full-service industry-specific human resource (HR) solutions, providing both professional employer organization (PEO) and human resources information system (HRIS) services. The Company offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and research and development (R&D) tax credit services, all enabled by technology. Its suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time and attendance. It offers six industry-tailored vertical PEO services: TriNet Financial Services, TriNet Life Sciences, TriNet Main Street, TriNet Nonprofit, TriNet Professional Services and TriNet Technology. The Company's HRIS services primarily consists of its self-directed, cloud based HRIS software solution and provides the option to add tools, such as payroll processing and benefits management.
TRINET GROUP, INC. 
