ALLETE, Inc. (ALE) Misses Q2 EPS by 1c
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ALLETE, Inc. Reports Second Quarter 2016 Earnings
August 3, 2016 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2016 earnings of 50 cents per share on net income of $24.8Â million and operating revenue of $314.8 million. Last years results were 46 cents per share on net income of $22.5Â million and operating revenue of $323.3 million, and included profit recognition of $1.5Â million after-tax, or 3 cents per share, for the construction of a wind energy facility which was sold to Montana-Dakota Utilities in the fourth quarter of 2015. Net income in 2015 also included acquisition costs of $0.9Â million, or 2 cents per share.
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