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CIT Group Inc. Q2 adjusted earnings Miss Estimates

July 21, 2020 — 06:33 am EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - Below are the earnings highlights for CIT Group Inc. (CIT):

-Earnings: -$98 million in Q2 vs. $128 million in the same period last year. -EPS: -$0.99 in Q2 vs. $1.33 in the same period last year. -Excluding items, CIT Group Inc. reported adjusted earnings of -$61 million or -$0.62 per share for the period. -Analysts projected -$0.55 per share -Revenue: $411 million in Q2 vs. $467 million in the same period last year.

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