Marqeta Inc. (MQ) PT Lowered to $9 at Truist Securities
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Marqeta (MQ) slumps 20% after earnings; JPM downgrades on near-term headwinds
March 1, 2023 8:09 AM ESTMarqeta (NASDAQ: MQ) shares tumbled more than 20% in pre-market Wednesday after the company reported Q4 results and gave a forecast for the first quarter.
The company reported a loss per share of $0.05 on revenue of $203.8 million, beating the consensus for a loss per share of $0.10 on revenue of $201.9M. The adjusted Ebitda margin came in at -4%, better than the expected -5.8%.
We are entering 2023... More
