Allete: Q2 Earnings Snapshot
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DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Tuesday reported second-quarter net income of $51.5 million.
The Duluth, Minnesota-based company said it had profit of 90 cents per share.
The power company owner posted revenue of $533.4 million in the period.
Allete expects full-year earnings to be $3.55 to $3.85 per share.
Allete shares have dropped 13% since the beginning of the year. The stock has fallen almost 9% in the last 12 months.
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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
