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TriNet Group Q1 Shares Drop After Q1 Revenue Decreases
TriNet Group (TNET) shares fell 2.2% in morning trading on Thursday after the company reported lower Q1 revenue.The company reported Q1 adjusted net income of $2.48 per diluted share, up from $1.99 a year earlier.Analysts polled by FactSet expected $1.82.Revenue for the quarter ended March 31 was $1.23 billion, down from $1.29 billion a year earlier.Analysts expected revenue of $1.23 billion.The company reiterated its full-year 2026 adjusted net income guidance of $3.70 to $4.70 per diluted share. Analysts surveyed by FactSet expect $4.16.TriNet also reiterated its full-year 2026 revenue guidance of $4.75 billion to $4.9 billion. Analysts expect revenue of $4.82 billion.Price: $41.95, Change: $-0.91, Percent Change: -2.11%
$TNET
