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CIT Group Inc. Q2 adjusted earnings Miss Estimates

Below are the earnings highlights for CIT Group Inc. (CIT):

-Earnings: -$98 million in Q2 vs. $128 million in the same period last year.
-EPS: -$0.99 in Q2 vs. $1.33 in the same period last year.
-Excluding items, CIT Group Inc. reported adjusted earnings of -$61 million or -$0.62 per share for the period.
-Analysts projected -$0.55 per share
-Revenue: $411 million in Q2 vs. $467 million in the same period last year.

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