ALLETE, Inc. (ALE) Tops Q1 EPS by 14c
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ALLETE, Inc. Reports First Quarter Earnings of $1.28 Per Share
May 6, 2020 6:30 AM EDTTemporarily suspending 2020 guidance due to uncertainties with COVID-19
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2020 earnings of $1.28 per share on net income of $66.3 million. Last years results were $1.37 per share on net income of $70.5 million. Results in the first quarter of 2019 included a 19 cent per share gain from the sale of U.S. Water Services offset by 2 cents per share of U.S. Water Services operating results prior to the sale.
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