AveXis reports 3Q loss

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.

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