ALLETE's Q2 Earnings, Revenue Fall-February 2024-www.financetom.com

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ALLETE's Q2 Earnings, Revenue Fall

Aug 1, 2024 7:24 AM

10:09 AM EDT, 08/01/2024 (MT Newswires) -- ALLETE ( ALE ) shares edged down 0.2% in recent Thursday trading after the company posted lower Q2 earnings and revenue.

The company reported Q2 earnings of $0.57 per diluted share, down from $0.90 a year earlier.

Three analysts polled by Capital IQ expected $0.92.

Total operating revenue for the quarter ended June 30 was $354.5 million, down from $533.4 million a year earlier.

A single analyst surveyed by Capital IQ expected $547 million.

Price: 64.37, Change: -0.13, Percent Change: -0.20

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