CIT Group Revenue, Profits - CIT Quarterly Income Statement

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$52.24 $0.08 (0.15%) CIT stock closing price Jul 20, 2018 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the CIT Group stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from 837.5M to 809.5M and how operating and non operating activities have impacted the CIT stock. The operating expenses as shown in the CIT Group profit and loss statement for 2018 Q1 total to $484M. This line item shows that the operating expenses has decreased compared with last year. Also check: CIT Group assets and CIT Group free cash flow.

View and download details of revenue and profits for CIT Group for latest & last 40 quarters.
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
CIT Group Revenues or Net Sales
Cost Of Goods Sold (COGS)97.1M92.1M92.6M94.6M94M96.5M99.4M99.4M99.5M95.8M
CIT Group Gross Profit
Research & Development Expense----------
Selling General & Admin Expense407.6M394M418.8M518.1M415.1M320.4M443.7M434.6M505.6M497.2M
Income Before Depreciation Depletion Amortization304.8M351.4M258.2M201.3M277M-791.38M584.49M634.89M566.6M498.7M
Depreciation Depletion Amortization76.4M329.9M71.1M77.4M73.5M84.5M179.1M176.4M175.3M166.8M
Non Operating Income----------
Interest Expense83.4M76.6M84.1M114.6M69.1M-191.6M180M183.1M186.9M190.9M
CIT Group Pretax Income
Provision for Income Taxes41.3M27.7M-119.8M-31.9M56.2M-20.5M77M94.3M52.7M-10.2M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations104M-82.8M222.8M41.2M78.2M-424.2M148.4M181.1M151.7M151.2M
Extraordinary Items & Discontinued Operations-7M-5.2M-3.2M115.5M101.7M-730.5M-15.6M-167M-4.8M-6.7M
CIT Group Profit/ Loss (Net Income)
Average Shares used to compute Diluted EPS131.59M131.34M136.13M183.8M203.35M202.08M202.76M202.28M202.14M201.38M
Average Shares used to compute Basic EPS130.48M131.34M133.92M182.35M202.45M202.08M202.04M201.89M201.39M200.99M
Income Before Nonrecurring Items97M140.1M138.7M166.18M109.2M120M148.4M181.1M151.7M227.2M
Income from Nonrecurring Items7M-222.9M84.1M-124.98M-31M-544.2M----76M
CIT Group Earnings Per Share Basic Net
CIT Group Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.740.991.020.900.540.590.730.900.751.13
Preferred Dividends Acc Pd-9.19M--------
Dividends Common20.3321.00--------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on CIT Group stock analysis. It helps to look at the following income statement items:

  • Revenue: This is the inflow that is generated from the sale of goods or services and is $809.5M for this quarter of 2018 Q1. Our CIT Group revenue chart gives a clear visual representation of how the topline or sales growth has been. Investors often invest only in those companies where the revenue is growing at a steady rate.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. CIT stock had a healthy bottom line growth.

The income statement is also called statement of revenue and expense. The CIT financials along with CIT Group historical stock prices provide a lot of details about the firm.

CIT Group Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
PS Ratio (price sales ratio)
Operating Margin
Net Profit Margin
Dividend Yield