ALLETE, Inc. (ALE) Report Q3 EPS of 59c
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ALLETE, Inc. Reports Third Quarter 2018 Earnings
November 1, 2018 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2018 earnings of 59 cents per share on net income of $30.7million and operating revenue of $348.0 million. Last years results were 88 cents per share on net income of $44.9million and operating revenue of $362.5 million. Results for the third quarter of 2017 reflect a $7.9 million after-tax, or 16cents per share, favorable impact for the regulatory outcome related to the allocation of North Dakota investment tax credits. Results in the third quarter of 2018 included $5.5 million after-tax, or 11 cents per share, of reserves for an interim rate... More
