Adverum Biotechnologies: 2Q Earnings Snapshot
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.