Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

RTTNews | vor 1006 Tagen
Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

(RTTNews) - Energy utility Allete Inc. (ALE) reported Wednesday that net income attributable to ALLETE for the third quarter grew to $33.7 million or $0.59 per share from $27.6 million or $0.53 per share in the prior-year quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.74 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenue for the quarter increased to $388.3 million from $345.4 million in the same quarter last year. Analysts expected revenues of $353.18 million for the quarter.

Looking ahead to fiscal 2022, the company continues to project earnings in the range of $3.60 to $3.90 per share.

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Allete Q2 Net Profit, Revenues Decline

Allete Q2 Net Profit, Revenues Decline

Energy utility Allete, Inc. (ALE) reported Thursday that net income attributable to ALLETE for the second quarter declined to $33.0 million or $0.57 per share from $51.5 million or $0.90 per share in the prior-year quarter.
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