OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Marqeta Inc. (MQ) on Wednesday reported a loss of $8.3 million in its first quarter.
The Oakland, California-based company said it had a loss of 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The transaction processing services provider posted revenue of $139.1 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $135.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MQ at https://www.zacks.com/ap/MQ
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