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Benzinga
Benzinga
Business
Henry Khederian

Why Bitcoin- And Ethereum-Related Stock Marqeta Is Skyrocketing During Wednesday's After-Hours Session

Marqeta

Marqeta Inc (NASDAQ:MQ) shares are trading higher by 18.02% at $12.64 after the company reported better-than-expected fourth-quarter sales results.

Marqeta reported quarterly losses of 7 cents per share, which met the analyst consensus estimate. Marqeta also reported quarterly sales of $155.41 million which beat the analyst consensus estimate of $137.74 million by 13%. This sales figure represents a 76% increase over sales of $88.20 million in the same period last year.

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