Benzinga | Nov 4, 2021 06:45AM EDT

ALLETE Q3 EPS $0.53 Misses $0.71 Estimate, Sales $345.40M Beat $300.20M Estimate

ALLETE (NYSE:ALE) reported quarterly earnings of $0.53 per share which missed the analyst consensus estimate of $0.71 by 25.35 percent. This is a 32.05 percent decrease over earnings of $0.78 per share from the same period last year. The company reported quarterly sales of $345.40 million which beat the analyst consensus estimate of $300.20 million by 15.06 percent. This is a 17.52 percent increase over sales of $293.90 million the same period last year.