ALLETE's Q3 Earnings Fall, Revenue Rises

MT Newswires Live10-30

ALLETE (ALE) reported Q3 earnings Wednesday of $0.78 per diluted share, down from $1.49 a year earlier.

Two analysts polled by Capital IQ expected $0.91.

Total operating revenue for the quarter ended Sept. 30 was $407.2 million, up from $378.8 million a year earlier.

A single analyst surveyed by Capital IQ expected $391 million.

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