UPDATE: Talisman Energy Posts Q4 Loss

Talisman Energy

posted a loss in the fourth quarter. Talisman posted a quarterly loss of $1.01 billion, or $0.98 per share, versus a year-ago profit of $376 million, or $0.37 per share. Its loss from operations came in at $116 million, or $0.11 per share, versus a year-ago loss of $107 million, or $0.10 per share. However, analysts were expecting a loss of $0.01 per share. Its revenue declined 44% to $929 million. Talisman Energy shares closed at $10.61 yesterday.