Allete: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 06:40 AM ET
Last Updated - Dec 16, 2024, 05:51 PM EST
DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Wednesday reported third-quarter earnings of $45 million.
On a per-share basis, the Duluth, Minnesota-based company said it had profit of 78 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 85 cents per share.
The power company owner posted revenue of $407.2 million in the period.
Allete shares have increased almost 5% since the beginning of the year. The stock has climbed 21% in the last 12 months.
