DULUTH, Minn. (AP) - Allete Inc. (ALE) on Wednesday reported second-quarter profit of $2.3 million.
On a per-share basis, the Duluth, Minnesota-based company said it had profit of 39 cents.
The power company owner posted revenue of $243.2 million in the period.
Allete shares have dropped 26% since the beginning of the year. The stock has fallen 30% in the last 12 months.
_____
Elements of this story were 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
_____
This story has been corrected to show that earnings per share were 39 cents on revenue of $243.2 million, instead of 3 cents on revenue of $300 million.
PIANO END ARTICLE RECO
Please read our comment policy before commenting.