Talisman Energy Inc. (TLM.TO,TLM) reported third quarter net income of C$30 million or C$0.03 per share, compared to C$1.43 billion or C$1.38 per share last year. The company noted that the prior year results were restated.
Net income from continuing operations was C$13 million or C$0.01 per share, compared to C$1.34 billion or C$1.30 per share in the same quarter last year.
Earnings from continuing operations, a non-GAAP measure, were C$155 million, compared to C$654 million in the prior year quarter.
Total revenue declined to C$1.54 billion from C$2.66 billion in the year ago quarter.
Production averaged 401 thousand boe/d, 9% below the third quarter of 2008.
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