Marqeta Reports Strong Q4 Sales, Stock Soars
Marqeta's (NASDAQ:MQ) Q4 sales beat estimates, with revenue growing 14.3% year-over-year to $135.8 million, surpassing Wall Street's expectations. The company's guidance for next quarter's revenue was also better than expected at $135.7 million. Marqeta's GAAP loss of $0.05 per share was in line with analysts' consensus estimates.
- This unexpected surge in sales suggests that Marqeta's efforts to expand its product offerings and improve its services are paying off, but it remains to be seen whether this momentum can continue into the new year.
- Can Marqeta sustain its growth trajectory by addressing the concerns around its long-term sales performance, which has been a challenge for the company in the past?