ALLETE, Inc. (ALE) Misses Q1 EPS by 10c
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ALLETE, Inc. Reports First Quarter Earnings of 99 Cents per Share
May 6, 2021 6:30 AM EDTReaffirms 2021 earnings guidance range of $3.00 - $3.30 per share
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2021 earnings of 99 cents per share on net income of $51.8 million. Last years results were $1.28 per share on net income of $66.3 million. The timing of income taxes and operating and maintenance expense in 2021 negatively impacted the quarter compared to internal expectations by approximately 15 cents per share, which are expected to reverse during the remainder of the year. In addition, net income in 2021 included an approximately $5 million dollars, or... More
