India, Feb. 13 -- Allete Inc (ALE) announced earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $50.6 million, or $0.87 per share. This compares with $51.5 million, or $0.89 per share, last year.
Analysts on average had expected the company to earn $1.08 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.4% to $364.8 million from $402.7 million last year.
Allete Inc earnings at a glance (GAAP) :
-Earnings: $50.6 Mln. vs. $51.5 Mln. last year.-EPS: $0.87 vs. $0.89 last year.-Revenue: $364.8 Mln vs. $402.7 Mln last year.
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