CIT Group Inc. (CIT: Quote) reported a second quarter net loss of $0.35 per share Monday morning, compared to the loss of $0.25 per share in the previous year. The consensus estimate was for a loss of $0.57.
CIT Group gapped up slightly Monday and has spiked higher in early trade. Shares are now up 2.03 at $36.82. The stock has broken out to a 2 1/2 month high and has re-crossed its 200-day moving average.
Click here to receive FREE breaking news email alerts for CIT Group Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org