Applied Genetic Technologies: Fiscal 1Q Earnings Snapshot
ALACHUA, Fla. (AP) _ Applied Genetic Technologies Corp. (AGTC) on Tuesday reported a loss of $11.6 million in its fiscal first quarter.
On a per-share basis, the Alachua, Florida-based company said it had a loss of 64 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.
In the final minutes of trading on Tuesday, the company’s shares hit $3.10. A year ago, they were trading at $7.05.