Stock Track | Marqeta Plunges on Disappointing Outlook Amid Regulatory Headwinds

Stock Track11-06

Shares of Marqeta, Inc. (MQ) plummeted over 40% on Tuesday, November 5th, 2024, as the financial technology company slashed its fourth-quarter guidance and cited heightened regulatory scrutiny on its bank partners as a key factor behind the reduced outlook.

Marqeta, which provides payment card services to companies like Block (SQ) and Affirm, now expects fourth-quarter revenue growth of just 10% to 12%, down significantly from its previous forecast of 16% to 18%. The company also guided for gross profit growth of 13% to 15% in the fourth quarter, well below its prior estimate of around 25% to 27%.

In a statement, Marqeta attributed the weaker guidance to "several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1102240529?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 11:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1102240529","market":"hk","top_or_hot":-1,"title":"Stock Track | Marqeta Plunges on Disappointing Outlook Amid Regulatory Headwinds","media":"Stock Track","content":"<p>Shares of Marqeta, Inc. (MQ) plummeted over 40% on Tuesday, November 5th, 2024, as the financial technology company slashed its fourth-quarter guidance and cited heightened regulatory scrutiny on its bank partners as a key factor behind the reduced outlook.</p>\n\n<p>Marqeta, which provides payment card services to companies like Block (SQ) and Affirm, now expects fourth-quarter revenue growth of just 10% to 12%, down significantly from its previous forecast of 16% to 18%. The company also guided for gross profit growth of 13% to 15% in the fourth quarter, well below its prior estimate of around 25% to 27%.</p>\n\n<p>In a statement, Marqeta attributed the weaker guidance to \"several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes.\"</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Marqeta Plunges on Disappointing Outlook Amid Regulatory Headwinds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Marqeta Plunges on Disappointing Outlook Amid Regulatory Headwinds\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-06 11:07 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Marqeta, Inc. (MQ) plummeted over 40% on Tuesday, November 5th, 2024, as the financial technology company slashed its fourth-quarter guidance and cited heightened regulatory scrutiny on its ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MQ","symbol_name":"Marqeta, Inc.","start_time":0,"source_url":"","article_id":"1102240529","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102240529","pubTimestamp":1730862420,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Marqeta, Inc.  plummeted over 40% on Tuesday, November 5th, 2024, as the financial technology company slashed its fourth-quarter guidance and cited heightened regulatory scrutiny on its bank partners as a key factor behind the reduced outlook.Marqeta, which provides payment card services to companies like Block  and Affirm, now expects fourth-quarter revenue growth of just 10% to 12%, down significantly from its previous forecast of 16% to 18%. The company also guided for gross profit ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MQ":"Marqeta, Inc."},"translate_title":"由于监管阻力，股票赛道Marqeta因前景令人失望而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MQ":1},"content_text":"Shares of Marqeta, Inc. (MQ) plummeted over 40% on Tuesday, November 5th, 2024, as the financial technology company slashed its fourth-quarter guidance and cited heightened regulatory scrutiny on its bank partners as a key factor behind the reduced outlook.\nMarqeta, which provides payment card services to companies like Block (SQ) and Affirm, now expects fourth-quarter revenue growth of just 10% to 12%, down significantly from its previous forecast of 16% to 18%. The company also guided for gross profit growth of 13% to 15% in the fourth quarter, well below its prior estimate of around 25% to 27%.\nIn a statement, Marqeta attributed the weaker guidance to \"several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1102240529"}