ALLETE, Inc. (ALE) Misses Q3 EPS by 6c; Reaffirms
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ALLETE, Inc. Reports Third Quarter Results; Reaffirms 2017 Earnings Guidance
November 1, 2017 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2017 earnings of 88 cents per share on net income of $44.9Â million and operating revenue of $362.5 million. Last years results were 81 cents per share on net income of $40.3Â million and operating revenue of $349.6 million. Results for the third quarter of 2017 reflect a favorable impact of approximately $8 million after-tax, or 16 cents per share, for the modification of a November 2016 Minnesota Public Utilities Commission (MPUC) order on the allocation of North Dakota investment tax credits at a MPUC hearing on September 28, 2017. Net income in the... More
