🔴 Marqeta is trading 6% down in pre-market as Q4 growth guidance slowed

Marqeta is trading at $16.71, down 6.12% in pre-market, as its Q4 revenue-growth outlook slowed to 3%–5%.

• Nov 3 results showed 8% revenue growth; management cut full-year revenue-growth guidance to 11%–12%.
• Processing-volume growth included more lower-margin processing-only services; an issuing-bank contracting change reduces reported revenue without affecting gross profit.
• The earnings-related decline was visible after the report, with coverage citing the slower outlook as investor concern.