Marqeta, Inc. (MQ) experienced a significant pre-market plunge of 8.17% on Wednesday, continuing the negative sentiment from the previous trading session.
The decline follows the company's release of fourth-quarter financial results, which presented a mixed picture for investors. While Marqeta reported revenue of $172 million that beat analyst estimates of $167 million and adjusted EBITDA of $31 million surpassing the $26.1 million expectation, the company posted a net loss of $1 million and earnings per share of $0 for the quarter.
This combination of positive revenue performance alongside continued losses created uncertainty among investors, driving negative sentiment that extended from post-market trading into the pre-market session.
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