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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Bitcoin- And Ethereum-Related Stock Marqeta?

Marqeta Nasdaq

Marqeta Inc (NASDAQ:MQ) shares are trading higher by 20.4% at $7.98. The company reported first-quarter earnings results during Wednesday’s after-hours session. The stock was halted for volatility at 10:12 a.m. EDT.

Marqeta reported quarterly losses of 11 cents per share which missed the analyst consensus estimate of a loss of 8 cents. The company also reported quarterly sales of $166.10 million which beat the analyst consensus estimate of $161.27 million by 3%.

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