07:03 AM EDT, 05/09/2024 (MT Newswires) -- ALLETE ( ALE ) reported Q1 earnings Thursday of $0.88 per diluted share, down from $1.02 a year earlier.

Five analysts surveyed by Capital IQ expected $1.07.

Revenue for the quarter ended March 31 was $403.3 million, compared with $564.9 million a year earlier.

Two analysts surveyed by Capital IQ expected $504.8 million.