Shares of Marqeta Inc. were ahead 6% in Tuesday’s extended session after the card-issuing company exceeded expectations on a profit metric for its latest quarter and also posted upbeat revenue.
The company also posted a loss of $2.1 million on the basis of adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, compared with a $13.6 million loss on the metric a year earlier. Analysts had been modeling a $12.6 million loss.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: