Talisman Energy Inc. (TLM, TLM.TO) reported that its first-quarter net loss was $213 million or $0.21 per share, compared to net income of $291 million or $0.24 per share, as restated, in the same quarter last year.
Loss from operations was $60 million, compared to profit from operations of $167 million last year. Loss from operations per share was $0.06, compared to profit of $0.16 in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue and other income for the quarter declined to $1.123 billion from the restated revenue of $2.056 billion in the prior year quarter. Five analysts had consensus revenue estimate of $1.46 billion for the quarter.
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