Marqeta: Q1 Earnings Snapshot
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.