FirstEnergy (FE +2.3%) shares jump even as Q3 earnings fell 20% on lower revenue and sales...

|About: FirstEnergy Corp (FE)|By:, SA News Editor

FirstEnergy (FE +2.3%) shares jump even as Q3 earnings fell 20% on lower revenue and sales volume; FE also cut the upper end of its prior EPS estimate by $0.20, and now expects $3.30-$3.40. FE says it taking actions to manage expenses and ensure cost-effective operations in light of the continued weak sales environment and low market prices for power.