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Applied Genetic Technologies posts 1Q loss

ALACHUA, Fla. (AP) _ Applied Genetic Technologies Corp. (AGTC) on Tuesday reported a fiscal first-quarter loss of $1.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Alachua, Florida-based company said it had a loss of 8 cents.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The biotechnology company posted revenue of $10.3 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $3.40. A year ago, they were trading at $7.20.

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