While reporting financial results for the first quarter on Thursday, energy utility Allete Inc. (ALE) reaffirmed its earnings guidance for the full-year 2021, despite lower-than- expected results for the first quarter.
For fiscal 2021, the company continues to project earnings in the range of $3.00 to $3.30 per share.
On average, 6 analysts polled by Thomson Reuters expect the company to earn $3.19 per share for the year. Analysts' estimates typically exclude special items.
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