🟢 Marqeta is trading 18.65% up in pre-market after Q2 EPS beat expectations

Marqeta is trading at $19.80, up +18.65% in pre-market after Q2 revenue reached $176 million, up 17%, and EPS of $0.07 beat expectations.

• Total Processing Volume rose 32% to $120 billion, and GAAP net income reached $8 million.
• Marqeta authorized a new $150 million share-repurchase program on August 3.
• Q3 guidance implies slower growth, while higher full-year profitability expectations may be supporting the sharp pre-market reaction.