CIT Group Beats, Profit Soars
July 27, 2010 at 15:42 PM EDT
CIT Group (CIT) second quarter earnings came in at 71 cents per share, substantially ahead of the Zacks Consensus Estimate of 30 cents. This also compares very favorably with prior quarter’s earnings of 49 cents. Results for the quarter benefited primarily from higher non-spread revenue. Also, the quarter experienced gains on sales of assets and recoveries [...]
