CIT Group Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - CIT Group Inc. (CIT) released earnings for third quarter that dropped from last year.

The company's earnings totaled $132 million, or $1.15 per share. This compares with $220 million, or $1.61 per share, in last year's third quarter.

Excluding items, CIT Group Inc. reported adjusted earnings of $133.1 million or $1.17 per share for the period.

Analysts had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.6% to $476 million from $464 million last year.

CIT Group Inc. earnings at a glance:

-Earnings (Q3): $133.1 Mln. vs. $138.7 Mln. last year. -EPS (Q3): $1.17 vs. $1.02 last year. -Analysts Estimate: $1.14 -Revenue (Q3): $476 Mln vs. $464 Mln last year.