WEST CONSHOHOCKEN, Pa. (AP) _ Madrigal Pharmaceuticals Inc. (MDGL) on Wednesday reported a loss of $15.1 million in its first quarter.
On a per-share basis, the West Conshohocken, Pennsylvania-based company said it had a loss of 98 cents.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 93 cents per share.
Madrigal shares have decreased slightly more than 8% since the beginning of the year. The stock has declined 12% 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