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Stock Alert: TriNet Rises On Better-than-expected Quarterly Earnings

(RTTNews) - Shares of human resources solutions provider for small to midsize businesses, TriNet Group, Inc. (TNET) are rising more than 13.75% Tuesday morning at $71.48. It has traded in the range of $27.79- $76.92 in the last 52 weeks.

Monday the company announced second quarter adjusted income of $136 million, or $2.03 per share, compared with $50 million, or $0.70 per share, in the same period last year. On average, analysts polled by Thomson Reuters expected earnings of $1.08.

Revenue increased 1% year-over-year to $0.9 billion.

The company also said that it has acquired Little Bird HR, a privately held PEO specializing in benefits and human resource solutions for the educational institution industry.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

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