CIT Group Inc (NYSE:CIT) came out with its third quarter earnings results on Friday 16th October 2020 before market open.
The company reported $ 0.84 income per share for the quarter, The quarterly earnings declined 44.00 percent compared with the same quarter last year.
CIT Group Inc (DEL) had revenue of $ 474.00 million for the quarter, compared to the consensus estimate of $ 442.56 million. The revenues outshined analysts estimates by $ 31.44 million or 7.10 percent.
The financial report showed revenues swell 4.34 percent versus third quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Ellen R. Alemany, Chairwoman and CEO, commented, Third quarter results reflected a return to profitability for CIT as we continued to navigate the business amid a dynamic economic environment related to the pandemic. Our expertise across diverse commercial sectors allowed us to originate loans and leases in growth areas such as power and renewable energy, technology, telecom and healthcare.
