ALLETE (NYSE:ALE) Posts Earnings Results, Misses Estimates By $0.21 EPS

ALLETE (NYSE:ALE – Get Free Report) posted its earnings results on Wednesday. The utilities provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.21). The business had revenue of $407.20 million during the quarter. ALLETE had a return on equity of 5.99% and a net margin of 11.49%. ALLETE’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.49 EPS.



Source link