💨 Abstract

Allete Inc. reported a second-quarter net income of $31.9 million, with earnings of 55 cents per share. Adjusted earnings were 61 cents per share. The company's revenue for the period was $360.3 million. Allete's stock has risen almost 2% year-to-date and nearly 3% over the past year. Allete is a power company based in Duluth, Minnesota.

Courtesy: WTOP Staff