Applied Genetic Technologies: Fiscal 2Q Earnings Snapshot
ALACHUA, Fla. (AP) _ Applied Genetic Technologies Corp. (AGTC) on Thursday reported a loss of $4.2 million in its fiscal second quarter.
On a per-share basis, the Alachua, Florida-based company said it had a loss of 23 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 64 cents per share.
The biotechnology company posted revenue of $5.9 million in the period.
The company’s shares closed at $3.24. A year ago, they were trading at $4.05.