ALLETE, Inc. (ALE) Report Q3 EPS of 59c

ALLETE, Inc. (NYSE: ALE) reported Q3 EPS of $0.59, may not compare to the analyst estimate of $0.81. Revenue for the quarter came in at $348 million versus the consensus estimate of $354 million.

“Our year-to-date financial results capture robust demand from our taconite customers, impacts from a rate case outcome earlier this year and ALLETE Clean Energy’s progress executing its multi-year refurbishment strategy. We are on track to deliver full-year financial results that are near the mid-point of our original 2018 earnings guidance range of $3.20 to $3.50 per share,” said ALLETE Chairman, President and CEO Al Hodnik.

(**Street sees FY EPS of 3.37)

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

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