Allete says 1st-qtr earnings rise 26 pct

Newswire

NEW YORK, April 25 (Reuters) - Allete Inc. , which operates businesses ranging from energy services to auto financing, said on Friday its first-quarter earnings rose 26 percent, helped by increased power sales and prices. The company, based in Duluth, Minnesota, reported a quarterly net profit of $44.3 million, or 54 cents per share, up from a net profit of $35.2 million, or 44 cents per share, a year ago. It posted earnings per share of 47 cents from continuing operations. Allete, which ...

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