Madrigal: 4Q Earnings Snapshot
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.