WEST CONSHOHOCKEN, Pa. (AP) — WEST CONSHOHOCKEN, Pa. (AP) — Madrigal Pharmaceuticals Inc. (MDGL) on Thursday reported a loss of $57.9 million in its second quarter.
The West Conshohocken, Pennsylvania-based company said it had a loss of $1.99 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $2.55 per share.
The biopharmaceutical company posted revenue of $364.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $349.3 million.
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