Marqeta Q3 EPS $(0.10) Misses $(0.09) Estimate, Sales $108.89M Beat $95.07M Estimate
Portfolio Pulse from bharat@benzinga.com
Marqeta (NASDAQ:MQ) reported Q3 losses of $(0.10) per share, missing the analyst consensus estimate of $(0.09) by 11.11%. However, the company's quarterly sales of $108.89 million beat the estimate of $95.07 million by 14.54%. This represents a 43.17% decrease in sales compared to the same period last year.
November 07, 2023 | 9:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Marqeta's Q3 earnings per share missed estimates, but sales beat expectations. However, sales are down significantly year-over-year.
Marqeta's earnings per share missed estimates, which could negatively impact investor sentiment and the stock price. However, the company beat sales estimates, which could offset some of the negative impact. The significant year-over-year decrease in sales could also negatively affect the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100