ALLETE (NYSE:ALE) reported quarterly earnings of $0.78 per share which missed the analyst consensus estimate of $0.93 by 16.13 percent. This is a 47.65 percent decrease over earnings of $1.49 per share from the same period last year. The company reported quarterly sales of $407.20 million which beat the analyst consensus estimate of $391.00 million by 4.14 percent. This is a 7.50 percent increase over sales of $378.80 million the same period last year.