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Madrigal: 2Q Earnings Snapshot

August 7, 2019

WEST CONSHOHOCKEN, Pa. (AP) _ Madrigal Pharmaceuticals Inc. (MDGL) on Wednesday reported a loss of $19.7 million in its second quarter.

On a per-share basis, the West Conshohocken, Pennsylvania-based company said it had a loss of $1.28.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.08 per share.

Madrigal shares have declined 21% since the beginning of the year. The stock has decreased 64% 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

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