Published on 7 Nov 2023 on Market Watch
Marqeta’s stock leaps as payments company posts upbeat earnings
Shares of Marqeta Inc. were ahead 6% in Tuesday’s extended session after the card-issuing company exceeded expectations on a profit metric for its latest quarter and also posted upbeat revenue.
Marqeta posted a third-quarter net loss of $55.0 million, or 10 cents a share, compared with $53.2 million, or 10 cents a share, in the same period a year earlier. The FactSet consensus was also for a 10-cent loss on a per-share basis.