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Aurinia reports 1Q loss

VICTORIA, British Columbia (AP) _ Aurinia Pharmaceuticals Inc. (AUPH) on Monday reported a loss of $51.9 million in its first quarter.

On a per-share basis, the Victoria, British Columbia-based company said it had a loss of 92 cents. Losses, adjusted for non-recurring costs, came to 20 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The biotechnology company posted revenue of $31,000 in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $50,000.

Aurinia shares have more than tripled since the beginning of the year. The stock has more than tripled in the last 12 months.

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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 AUPH at https://www.zacks.com/ap/AUPH

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Keywords: Aurinia Pharmaceuticals, Earnings Report