CIT Group Inc. Bottom Line Climbs 67% In Q3

(RTTNews) - CIT Group Inc. (CIT) revealed a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $219.6 million, or $1.61 per share. This was up from $131.5 million, or $0.65 per share, in last year's third quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

CIT Group Inc. earnings at a glance:

-Earnings (Q3): $219.6 Mln. vs. $131.5 Mln. last year. -Earnings Growth (Y-o-Y): 67.0% -EPS (Q3): $1.61 vs. $0.65 last year. -EPS Growth (Y-o-Y): 147.7% -Analysts Estimate: $0.82