AP NEWS

Allete: 3Q Earnings Snapshot

November 6, 2019 GMT

DULUTH, Minn. (AP) _ Allete Inc. (ALE) on Wednesday reported third-quarter profit of $31.2 million.

The Duluth, Minnesota-based company said it had profit of 60 cents per share.

The power company owner posted revenue of $288.3 million in the period.

Allete shares have climbed 10% since the beginning of the year. The stock has increased 12% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALE at https://www.zacks.com/ap/ALE