Marqeta Stock: Shares of payment processing firm Marqeta (MQ) dropped by more than 30% in after-hours trading following the company’s release of a weaker-than-expected Q4 forecast. Marqeta posted a loss of 6 cents per share, slightly below analysts’ expected 5-cent loss, and met revenue estimates at $128 million.
However, the company’s forecast of a 10-12% revenue growth for the upcoming quarter fell short of Wall Street’s 17% expectation. CEO Simon Khalaf attributed the shortfall to a “heightened scrutiny of the banking environment” and specific customer changes impacting the company’s core card-issuing business.
Despite challenges, Marqeta’s total processing volume rose by over 30%, reaching $74 billion, with digital commerce and buy now, pay later (BNPL) services driving growth.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor or conduct your own research before making investment decisions.
India: The iOS 27 release date is September 14, with Apple rolling out the latest…
Hyderabad: A district consumer commission has directed Tata Select Motors to take back a Tata…
India: Hyundai Motor India has announced the name of its upcoming SUV as the Hyundai…
The 2026 Ballon d'Or race is officially taking shape, with Lionel Messi, Kylian Mbappé, Lamine…
Ray LaMontagne collapsed on stage during his Nashville concert Saturday night, briefly alarming fans before…
Apple is set to unveil its next-generation iPhone lineup Wednesday, with the iPhone 18 Pro…