ALLETE, Inc. (ALE) Misses Q3 EPS by 3c

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ALLETE, Inc. Reports Third Quarter 2019 Earnings

November 6, 2019 6:30 AM EST

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2019 earnings of 60 cents per share on net income of $31.2 million. Last years results were 59 cents per share on net income of $30.7 million, which included 3 cents per share and $1.7 million in earnings from U.S. Water Services sold in the first quarter of this year.

"Results for the quarter are as expected and we are pleased with our progress on strategic initiatives to date, as we approach the end of a successful 2019, said ALLETE Chairman and CEO Al... More