Madrigal: 2Q Earnings Snapshot

August 7, 2018

WEST CONSHOHOCKEN, Pa. (AP) _ Madrigal Pharmaceuticals Inc. (MDGL) on Tuesday reported a loss of $6.5 million in its second quarter.

On a per-share basis, the West Conshohocken, Pennsylvania-based company said it had a loss of 45 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.

Madrigal shares have more than doubled since the beginning of the year. The stock has risen fifteenfold 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 MDGL at https://www.zacks.com/ap/MDGL

Update hourly