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AP National Business

Adverum Biotechnologies: Q4 Earnings Snapshot

KION
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Published 1:56 PM

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Adverum Biotechnologies Inc. (ADVM) on Thursday reported a loss of $32.7 million in its fourth quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 33 cents.

For the year, the company reported that its loss widened to $154.5 million, or $1.56 per share.

In the final minutes of trading on Thursday, the company’s shares hit 72 cents. A year ago, they were trading at $1.34.

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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

Article Topic Follows: AP National Business

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