AP NEWS

Madrigal: 4Q Earnings Snapshot

February 26, 2020 GMT

WEST CONSHOHOCKEN, Pa. (AP) _ Madrigal Pharmaceuticals Inc. (MDGL) on Wednesday reported a loss of $27.7 million in its fourth quarter.

The West Conshohocken, Pennsylvania-based company said it had a loss of $1.80 per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.56 per share.

For the year, the company reported that its loss widened to $83.9 million, or $5.45 per share.

Madrigal shares have fallen 6% since the beginning of the year. The stock has decreased 37% 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 MDGL at https://www.zacks.com/ap/MDGL