Allete: Q4 Earnings Snapshot

DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Thursday reported fourth-quarter profit of $51.7 million.

On a per-share basis, the Duluth, Minnesota-based company said it had profit of 90 cents.

The power company owner posted revenue of $425.8 million in the period.

For the year, the company reported profit of $189.3 million, or $3.38 per share. Revenue was reported as $1.57 billion.

Allete shares have dropped 9% since the beginning of the year. The stock has decreased roughly 4% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ALE at

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