ALLETE Q3 Adj. EPS $0.46 Misses $0.96 Estimate, Sales $375.000M Down From $407.200M YoY

ALLETE (NYSE:ALE) reported quarterly earnings of $0.46 per share which missed the analyst consensus estimate of $0.96 by 52.08 percent. This is a 41.03 percent decrease over earnings of $0.78 per share from the same period last year. The company reported $375.000 million in sales this quarter. This is a 7.91 percent decrease over sales of $407.200 million the same period last year.