Adverum Biotechnologies: Q3 Earnings Snapshot

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Adverum Biotechnologies Inc. (ADVM) on Wednesday reported a loss of $47.7 million in its third quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of $2.03.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.80 per share.

In the final minutes of trading on Wednesday, the company’s shares hit $4.30. A year ago, they were trading at $7.89.

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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