Marqeta Q4 2023 GAAP EPS $(0.08), Inline, Sales $118.82M Beat $110.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marqeta (NASDAQ:MQ) reported Q4 2023 GAAP EPS of $(0.08), meeting analyst consensus estimates. Quarterly sales reached $118.82M, surpassing the $110.65M estimate, but represented a 41.70% decrease from the same period last year.
February 28, 2024 | 9:15 pm
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Marqeta reported Q4 2023 earnings with EPS of $(0.08), in line with estimates, and sales of $118.82M, exceeding expectations but showing a significant year-over-year decline.
While Marqeta met EPS estimates and exceeded sales forecasts, the significant year-over-year sales decline may concern investors. The mixed results could lead to neutral short-term stock price movement as positive sales beat is offset by the large decrease in sales compared to the previous year.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100