Marqeta stock plunges 30% on weak guidance, slowing growth

Investing.com

2024-11-05

Marqeta Inc (NASDAQ:MQ), a modern card issuing platform, saw its shares plummet 30% after reporting third-quarter earnings that missed analyst expectations and provided disappointing guidance for the fourth quarter.

The company reported a third-quarter adjusted loss of -$0.06 per share, $0.01 worse than the analyst estimate of -$0.05. Revenue for the quarter came in at $128 million, slightly below the consensus estimate of $128.09 million, representing an 18% increase YoY.

Marqeta's Total Processing Volume (TPV) grew 30% YoY to $74 billion, while Gross Profit increased 24% to $90 million. However, the company's guidance for the fourth quarter fell short of expectations, projecting Net Revenue growth of 10-12% and Gross Profit growth of 13-15%.

CEO Simon Khalaf commented, "In the third quarter our true growth trajectory was back on display as we lapped the Block contract renewal, while continuing to demonstrate operational discipline to fuel strong Adjusted EBITDA."

The company cited "heightened scrutiny of the banking environment and specific customer program changes" as factors impacting its fourth-quarter outlook. Marqeta expects Adjusted EBITDA margin to be between 5-7% for the fourth quarter.

Related Articles

Marqeta stock plunges 30% on weak guidance, slowing growth

Mexico Congress likely to pass reform abolishing autonomous bodies by mid-November, official says

Bright Horizons stock gains 3% on strong Q3 results, upbeat guidance

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2481656329"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481656329\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2481656329?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-05 05:35","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2481656329","market":"us","top_or_hot":-1,"title":"Marqeta stock plunges 30% on weak guidance, slowing growth","media":"Investing.com","content":"<html><body><p>Marqeta Inc (NASDAQ:MQ), a modern card issuing platform, saw its shares plummet 30% after reporting third-quarter earnings that missed analyst expectations and provided disappointing guidance for the fourth quarter.</p>\n<p>The company reported a third-quarter adjusted loss of -$0.06 per share, $0.01 worse than the analyst estimate of -$0.05. Revenue for the quarter came in at $128 million, slightly below the consensus estimate of $128.09 million, representing an 18% increase YoY.</p>\n<p>Marqeta's Total Processing Volume (TPV) grew 30% YoY to $74 billion, while Gross Profit increased 24% to $90 million. However, the company's guidance for the fourth quarter fell short of expectations, projecting Net Revenue growth of 10-12% and Gross Profit growth of 13-15%.</p>\n<p>CEO Simon Khalaf commented, \"In the third quarter our true growth trajectory was back on display as we lapped the <a href=\"https://laohu8.com/S/SQ\">Block</a> contract renewal, while continuing to demonstrate operational discipline to fuel strong Adjusted EBITDA.\"</p>\n<p>The company cited \"heightened scrutiny of the banking environment and specific customer program changes\" as factors impacting its fourth-quarter outlook. Marqeta expects Adjusted EBITDA margin to be between 5-7% for the fourth quarter.</p>\n<p>Related Articles</p>\n<p>Marqeta stock plunges 30% on weak guidance, slowing growth</p>\n<p>Mexico Congress likely to pass reform abolishing autonomous bodies by mid-November, official says</p>\n<p>Bright Horizons stock gains 3% on strong Q3 results, upbeat guidance</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marqeta stock plunges 30% on weak guidance, slowing growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarqeta stock plunges 30% on weak guidance, slowing growth\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investing.com</strong><span class=\"h-time small\">2024-11-05 05:35</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p>Marqeta Inc (NASDAQ:MQ), a modern card issuing platform, saw its shares plummet 30% after reporting third-quarter earnings that missed analyst expectations and provided disappointing guidance for the fourth quarter.</p>\n<p>The company reported a third-quarter adjusted loss of -$0.06 per share, $0.01 worse than the analyst estimate of -$0.05. Revenue for the quarter came in at $128 million, slightly below the consensus estimate of $128.09 million, representing an 18% increase YoY.</p>\n<p>Marqeta's Total Processing Volume (TPV) grew 30% YoY to $74 billion, while Gross Profit increased 24% to $90 million. However, the company's guidance for the fourth quarter fell short of expectations, projecting Net Revenue growth of 10-12% and Gross Profit growth of 13-15%.</p>\n<p>CEO Simon Khalaf commented, \"In the third quarter our true growth trajectory was back on display as we lapped the <a href=\"https://laohu8.com/S/SQ\">Block</a> contract renewal, while continuing to demonstrate operational discipline to fuel strong Adjusted EBITDA.\"</p>\n<p>The company cited \"heightened scrutiny of the banking environment and specific customer program changes\" as factors impacting its fourth-quarter outlook. Marqeta expects Adjusted EBITDA margin to be between 5-7% for the fourth quarter.</p>\n<p>Related Articles</p>\n<p>Marqeta stock plunges 30% on weak guidance, slowing growth</p>\n<p>Mexico Congress likely to pass reform abolishing autonomous bodies by mid-November, official says</p>\n<p>Bright Horizons stock gains 3% on strong Q3 results, upbeat guidance</p>\n</body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/marqeta-stock-plunges-30-weak-213542729.html\">Investing.com</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡馬錫持倉","start_time":0,"source_url":"https://finance.yahoo.com/news/marqeta-stock-plunges-30-weak-213542729.html","article_id":"2481656329","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481656329","pubTimestamp":1730756142,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Marqeta Inc , a modern card issuing platform, saw its shares plummet 30% after reporting third-quarter earnings that missed analyst expectations and provided disappointing guidance for the fourth quarter.The company reported a third-quarter adjusted loss of -$0.06 per share, $0.01 worse than the analyst estimate of -$0.05. Revenue for the quarter came in at $128 million, slightly below the consensus estimate of $128.09 million, representing an 18% increase YoY.Marqeta's Total Processing Volume  grew 30% YoY to $74 billion, while Gross Profit increased 24% to $90 million. However, the company's guidance for the fourth quarter fell short of expectations, projecting Net Revenue growth of 10-12% and Gross Profit growth of 13-15%.CEO Simon Khalaf commented, \"In the third quarter our true growth trajectory was back on display as we lapped the Block contract renewal, while continuing to demonstrate operational discipline to fuel strong Adjusted EBITDA.\". The company cited \"heightened scrutiny","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","MQ":"Marqeta, Inc.","BK4539":"次新股","BK4227":"交易和支付处理服务","BK4106":"数据处理与外包服务"},"translate_title":"Marqeta股价因指引疲弱、增长放缓而暴跌30%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MQ":1},"content_text":"Marqeta Inc (NASDAQ:MQ), a modern card issuing platform, saw its shares plummet 30% after reporting third-quarter earnings that missed analyst expectations and provided disappointing guidance for the fourth quarter.\nThe company reported a third-quarter adjusted loss of -$0.06 per share, $0.01 worse than the analyst estimate of -$0.05. Revenue for the quarter came in at $128 million, slightly below the consensus estimate of $128.09 million, representing an 18% increase YoY.\nMarqeta's Total Processing Volume (TPV) grew 30% YoY to $74 billion, while Gross Profit increased 24% to $90 million. However, the company's guidance for the fourth quarter fell short of expectations, projecting Net Revenue growth of 10-12% and Gross Profit growth of 13-15%.\nCEO Simon Khalaf commented, \"In the third quarter our true growth trajectory was back on display as we lapped the Block contract renewal, while continuing to demonstrate operational discipline to fuel strong Adjusted EBITDA.\"\nThe company cited \"heightened scrutiny of the banking environment and specific customer program changes\" as factors impacting its fourth-quarter outlook. Marqeta expects Adjusted EBITDA margin to be between 5-7% for the fourth quarter.\nRelated Articles\nMarqeta stock plunges 30% on weak guidance, slowing growth\nMexico Congress likely to pass reform abolishing autonomous bodies by mid-November, official says\nBright Horizons stock gains 3% on strong Q3 results, upbeat guidance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}