Marqeta Q1 2024 GAAP EPS $(0.07), Inline, Sales $117.968M Beat $117.069M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marqeta (NASDAQ:MQ) reported Q1 2024 GAAP EPS of $(0.07), meeting analyst estimates, with sales of $117.968M surpassing the $117.069M forecast, marking a 45.72% decrease from the previous year.
May 07, 2024 | 8:08 pm
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Marqeta reported Q1 2024 earnings with EPS of $(0.07), in line with estimates, and sales of $117.968M, slightly above expectations but showing a significant year-over-year decline.
While Marqeta met EPS estimates and slightly exceeded sales forecasts, the significant year-over-year sales decline could concern investors. The EPS meeting expectations suggests operational stability, but the sales drop indicates potential challenges in growth or market conditions. The mixed results may lead to neutral short-term stock price movement as investors digest both the positive and negative aspects of the report.
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