Marqeta shares drop over 30% after weak Q4 guidance, missing revenue projections

From CNBC: 2024-11-04 17:37:57

Marqeta celebrated its initial public offering at Nasdaq on June 9, 2021. However, shares plummeted over 30% in extended trading due to weak fourth-quarter guidance. Third-quarter results slightly missed expectations, with revenue forecasted to grow only 10%-12%, falling short of analysts’ 17% projection. Total processing volume increased by more than 30% to $74 billion.



Read more at CNBC:: Marqeta shares plunge more than 30% on big forecast miss