Marqeta is trading 5.4% down at $16.96 after its August 4 earnings report, where a soft Q3 revenue outlook overshadowed solid Q2 results and a second straight GAAP profit.
- The company reported strong processing volume and revenue growth, achieving its second consecutive quarter of GAAP profitability.
- Investors are focused on tepid near-term guidance, leading to profit-taking despite a broader rally in the software sector.