5 Stocks in Limelight After Releasing Their Quarterly Reports

4. Marqeta, Inc. (NASDAQ:MQ)

Number of Hedge Fund Holders: 35

Marqeta, Inc. (NASDAQ:MQ) recently came into the limelight after beating expectations for the third quarter. The Oakland-based card issuing platform reported a loss of 8 cents per share, narrower than a loss of 13 cents per share estimated by analysts.

Revenue came in at $131.5 million, above analysts’ average estimate of $119.6 million. Marqeta, Inc. (NASDAQ:MQ) had posted a loss of 10 cents per share on revenue of $119.56 million for the comparable period of 2020.

The company also issued its revenue outlook for the fourth quarter. Marqeta, Inc. (NASDAQ:MQ) expects to generate revenue in the range of $134 million – $139 million, above the consensus forecast of $125.8 million.

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Speaking on the results, CEO Jason Gardner said:

“Modern card issuing is at the heart of today’s digital economy, and our third quarter results put that on display, both with the growth we’re seeing, and the way our platform is bringing to life unique new payments use cases for an incredible array of innovators.”