Axovant: Fiscal 4Q Earnings Snapshot
LONDON (AP) _ Axovant Sciences Ltd. (AXGT) on Tuesday reported a loss of $9 million in its fiscal fourth quarter.
The London-based company said it had a loss of 45 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.66 per share.
For the year, the company reported that its loss narrowed to $129.1 million, or $8.02 per share.
In the final minutes of trading on Tuesday, the company’s shares hit $4. A year ago, they were trading at $40.08.