ALLETE, Inc. (ALE) Posts Q3 GAAP EPS of 81c
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ALLETE, Inc. Reports Third Quarter 2016 Earnings
November 4, 2016 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2016 earnings of 81 cents per share on net income of $40.3 million and operating revenue of $349.6 million. Last years results were $1.23 per share on net income of $60.4 million and operating revenue of $462.5 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. Results for the third quarter of 2015 included profit recognition of $12.3Â million... More
