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Investing.com - Allete reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Allete announced earnings per share of $0.59 on revenue of $388.3M. Analysts polled by Investing.com EPS of $0.75 on revenue of $347.17M.
Allete 's are down 16.73% and is trading at $54.58 , still down 20.45% from its 52 week high of $68.61 set on Monday, January 10, 2022.
Allete follows other major Utilities sector earnings this month
Allete's report follows an earnings beat by NextEra Energy on Friday, October 28, 2022, who reported EPS of $0.85 on revenue of $6.72B, EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on Friday with third quarter EPS of $1.78 on revenue of $7.97B, for EPS of $1.84 on revenue of $7,388M.
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