Marqeta (MQ) reported a Q3 net loss late Monday of $0.06 per diluted share, narrowing from a loss of $0.10 a year earlier.
Analysts polled by Capital IQ expected a loss of $0.05.
Net revenue for the quarter ended Sept. 30 was $128 million, compared with $108.9 million a year earlier.
Analysts surveyed by Capital IQ expected $127.7 million.
The company said it expects Q4 net revenue growth of 10% to 12%.
Marqeta's shares dropped more than 37% in Tuesday premarket activity.
Price: 4.06, Change: -1.89, Percent Change: -37.14
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