08:32 AM EDT, 07/26/2024 (MT Newswires) -- TriNet Group ( TNET ) reported Q2 adjusted net income Friday of $1.53 per diluted share, down from $1.74 a year earlier.

Analysts polled by Capital IQ expected $1.30.

Revenue for the quarter ended June 30 was $1.23 billion, up from $1.21 billion a year ago.

No comparable Capital IQ estimate was available.

TriNet ( TNET ) said it expects Q3 adjusted net income of $1 to $1.50 per diluted share on a flat to 3% higher revenue. Analysts polled by Capital IQ expect adjusted EPS of $1.40.

For 2024, the company said it continues to expect adjusted net income of $5.25 to $6.80 per diluted share on revenue in the range of a 1% decline to 4% growth. Analysts polled by Capital IQ expect adjusted EPS of $5.94.

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