Madrigal Pharmaceuticals Q4 EPS $(5.68) Misses $(5.28) Estimate; Cash, Cash Equivalents And Marketable Securities Of $634M
Portfolio Pulse from Benzinga Newsdesk
Madrigal Pharmaceuticals reported a Q4 EPS loss of $(5.68), missing the consensus estimate of $(5.28) by 7.58%. This represents a 14.06% increase in losses compared to the same period last year. The company also reported having $634M in cash, cash equivalents, and marketable securities.
February 28, 2024 | 12:11 pm
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Madrigal Pharmaceuticals reported a larger-than-expected Q4 loss and an increase in losses from the previous year, but maintains $634M in liquidity.
The reported earnings miss and increased losses year-over-year are likely to negatively impact investor sentiment in the short term. However, the substantial cash reserves may provide some cushion against negative market reactions.
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