UPDATE: Talisman Energy Q2 Profit Down 72%

Talisman Energy

posted a 72% decline in its Q2 profit. Talisman Energy's quarterly earnings dropped to $196 million, or $0.19 per share, versus a year-ago profit of $698 million, or $0.68 per share. Its cash flow declined 10% to $803 million, or $0.78 per share, versus $897 million, or $0.88 per share, in the year-earlier period. Talisman Energy shares closed at $12.37 yesterday.