BANNOCKBURN, Ill. (AP) _ AveXis Inc. (AVXS) on Thursday reported a loss of $48.6 million in its third quarter.
On a per-share basis, the Bannockburn, Illinois-based company said it had a loss of $1.52.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.42 per share.
AveXis shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $98.94, a rise of 43 percent in the last 12 months.