ALLETE, Inc. (ALE) Misses Q3 EPS by 19c
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ALLETE, Inc. Reports Third Quarter Earnings of 53 Cents; Reaffirms 2021 Earnings Guidance Range
November 4, 2021 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2021 earnings of 53 cents per share on net income of $27.6 million. Last years results were 78 cents per share on net income of $40.7 million.
ALLETE is making significant progress on strategic initiatives, which will result in future earnings growth, driven by improved returns at our businesses and from our ongoing transformation to cleaner energy, said ALLETE Chair, President and CEO Bethany Owen. We are excited about the future as all of our ALLETE businesses execute ALLETEs sustainability in action strategy,... More
