Talisman Energy Turns To Profit In Q3 - Quick Facts

(RTTNews) - Talisman Energy Inc. (TLM, TLM.TO) posted third-quarter net income of $425 million, or $0.38 per share, compared to a net loss of $54 million, or $0.08 per share, in the prior-year period.

For the latest third quarter, total revenue and other income declined to $1.14 billion, from $1.24 billion in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share and revenues of $1.33 billion for the quarter. Analysts' estimates typically exclude special items.

Further, the company has declared a quarterly dividend on the company's common shares of US$0.0675 per share, payable on December 31, 2014 to shareholders of record at the close of business on December 15, 2014.

The company has also declared a quarterly dividend of C$0.2625 on its Cumulative Redeemable Rate Reset First Preferred Shares, Series 1. The dividend will be paid on December 31, 2014 to shareholders of record at the close of business on December 15, 2014.