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Marqeta: Q1 Earnings Snapshot

May 11, 2022 GMT

OAKLAND, Calif. (AP) _ Marqeta Inc. (MQ) on Wednesday reported a loss of $60.6 million in its first quarter.

On a per-share basis, the Oakland, California-based company said it had a loss of 11 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The transaction processing services provider posted revenue of $166.1 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $161 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MQ at https://www.zacks.com/ap/MQ