Allete: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 06:39 AM ET
Last Updated - Jun 21, 2023, 11:33 PM EDT
DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Wednesday reported first-quarter earnings of $58.2 million.
On a per-share basis, the Duluth, Minnesota-based company said it had net income of $1.02.
The power company owner posted revenue of $564.9 million in the period.
Allete expects full-year earnings to be $3.55 to $3.85 per share.
