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Axovant: Fiscal 4Q Earnings Snapshot

June 11, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXGT at https://www.zacks.com/ap/AXGT

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