ALLETE-Allete (ALE) Misses Q4 Earnings and Revenue Estimates

Allete (ALE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of$ 0.93 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.30%. A quarter ago, it was expected that this power company owner would post earnings of$ 0.61 per share when it actually produced earnings of $1.49, delivering a surprise of 144.26%.Over the last four quarters, the compa ...