We present a semilocal convergence analysis of a third order method for approximating a locally unique solution of an equation in a Banach space setting. Recently, this method was studied by Chun, Stanica and Neta. These authors extended earlier results by Kou, Li and others. Our convergence analysis extends the applicability of these methods under less computational cost and weaker convergence criteria. Numerical examples are also presented to show that the earlier results cannot apply to solve these equations.