ALLETE (NYSE:ALE) reported its Q2 earnings results on Wednesday, August 3, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
ALLETE beat estimated earnings by 6.35%, reporting an EPS of $0.67 versus an estimate of $0.63.
Revenue was up $37.50 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 0.52% increase in the share price the next day.
Here’s a look at ALLETE’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.31 | 1.06 | 0.71 | 0.56 |
| EPS Actual | 1.27 | 1.18 | 0.53 | 0.53 |
| Revenue Estimate | 353.25M | 327.65M | 300.20M | 293.93M |
| Revenue Actual | 383.50M | 399.00M | 345.40M | 335.60M |
To track all earnings releases for ALLETE visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
