Investing.com - Marqeta reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Marqeta announced earnings per share of $-0.10 on revenue of $191.62M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $180.37M.
Marqeta shares are down 29.95% from the beginning of the year and are trading at $6.24 , down-from-52-week-high.
Marqeta follows other major Information Technology sector earnings this month
Marqeta's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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