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Allete: 1Q Earnings Snapshot

DULUTH, Minn. (AP) _ Allete Inc. (ALE) on Thursday reported first-quarter profit of $70.5 million.

The Duluth, Minnesota-based company said it had profit of $1.37 per share. Earnings, adjusted for non-recurring gains, were $1.18 per share.

The power company owner posted revenue of $357.2 million in the period.

Allete shares have increased nearly 6% since the beginning of the year. The stock has risen 5.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALE at https://www.zacks.com/ap/ALE