Benzinga | Aug 5, 2020 06:44AM EDT

ALLETE Q2 EPS $0.39 Misses $0.67 Estimate, Sales $243.20M Miss $290.75M Estimate

ALLETE (NYSE:ALE) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.67 by 41.79 percent. This is a 40.91 percent decrease over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $243.20 million which missed the analyst consensus estimate of $290.75 million by 16.35 percent. This is a 16.25 percent decrease over sales of $290.40 million the same period last year.