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.