ALLETE, Inc. (ALE) Posts Q3 GAAP EPS of 81c

ALLETE, Inc. (NYSE: ALE) reported Q3 EPS of $0.81, which may not compare with the analyst estimate of $0.96. Revenue for the quarter came in at $349.6 million versus the consensus estimate of $442 million.

Results for the third quarter of 2016 include an $8.8 million after-tax, or 18 cents per share, adverse impact for the regulatory outcome of an October 18, 2016, Minnesota Public Utilities Commission (MPUC) hearing on the allocation of North Dakota investment tax credits.

For earnings history and earnings-related data on ALLETE, Inc. (ALE) click here.

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