Allete: Q3 Earnings Snapshot
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DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Thursday reported third-quarter net income of $85.9 million.
On a per-share basis, the Duluth, Minnesota-based company said it had profit of $1.49.
The power company owner posted revenue of $378.8 million in the period.
Allete expects full-year earnings to be $4.30 to $4.40 per share.
Allete shares have dropped 16% since the beginning of the year. The stock has declined 4% 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
