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Dec 31, 2023
TriNet Q4 2023 Earnings Report
Announced fourth quarter and fiscal year 2023 results, and dividend initiation.
Key Takeaways
TriNet Group, Inc. reported a 2% increase in total revenues to $1.2 billion for the fourth quarter of 2023. Net income was $67 million, or $1.31 per diluted share, compared to net income of $49 million, or $0.78 per diluted share, in the same period last year.
Total revenues increased 2% to $1.2 billion compared to the same period last year.
Net income was $67 million, or $1.31 per diluted share.
Adjusted Net Income was $82 million, or $1.60 per diluted share.
Average Worksite Employees (WSEs) decreased 3% as compared to the same period last year and increased 1% as compared to the previous quarter, to approximately 338,000.
Revenue by Segment
Forward Guidance
TriNet provided first quarter and full-year 2024 guidance. Percentages reflect the increase or (decrease) from the prior year quarter and prior year end.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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