Fintech firm Marqeta gains after Q3 revenue beat

Marqeta

10/11/2022 10:45

** Shares of payments firm Marqeta Inc  MQ.O  rise ~4% to
$6.49 premarket 
    ** Co said on Wednesday after markets closed that Q3 revenue
rose 46% to $192 mln vs Wall Street estimates of $180.9 mln,
according to Refinitiv IBES data 
    ** MQ logged 54% growth in total processing volume (TPV) to
$42 bln in Q3
    ** Gross profit jumped 36% to $80 mln 
    ** As of last close, shares down 63.7% YTD 
 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))