Marqeta Q2 EPS $(0.11) Misses $(0.10) Estimate, Sales $231.00M Beat $219.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marqeta (NASDAQ:MQ) reported Q2 earnings per share (EPS) of $(0.11), missing the analyst consensus estimate of $(0.10) by 10%. This is a 37.5% decrease from the same period last year. However, the company's quarterly sales of $231.00 million beat the analyst consensus estimate of $219.22 million by 5.37%, marking a 23.74% increase from last year.
August 08, 2023 | 8:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Marqeta's Q2 earnings missed analyst estimates, but sales exceeded expectations.
Marqeta's Q2 earnings per share missed the analyst consensus estimate by 10%, which could negatively impact the stock price. However, the company's sales beat the estimate by 5.37%, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100