Marqeta Q2 EPS $0.23 Beats $0.16 Estimate, Sales $125.27M Beat $121.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marqeta (NASDAQ:MQ) reported Q2 earnings of $0.23 per share, significantly beating the analyst estimate of $0.16. Sales were $125.27 million, also surpassing the $121.91 million estimate. Despite the positive earnings, sales decreased by 45.80% compared to the same period last year.
August 07, 2024 | 8:06 pm
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Marqeta reported Q2 earnings of $0.23 per share, beating estimates by 43.75%. Sales were $125.27 million, surpassing the $121.91 million estimate. However, sales decreased by 45.80% compared to the same period last year.
The significant beat on EPS and sales estimates is likely to have a positive short-term impact on Marqeta's stock price. However, the substantial year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100