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Adverum Biotechnologies: 2Q Earnings Snapshot

August 8, 2019

MENLO PARK, Calif. (AP) _ Adverum Biotechnologies Inc. (ADVM) on Thursday reported a loss of $15 million in its second quarter.

On a per-share basis, the Menlo Park, California-based company said it had a loss of 23 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

Adverum Biotechnologies shares have nearly quadrupled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.35, more than doubling in the last 12 months.

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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 ADVM at https://www.zacks.com/ap/ADVM

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