U.S. Markets closed
  • S&P 500

    3,744.52
    -38.76 (-1.02%)
     
  • Dow 30

    29,926.94
    -346.93 (-1.15%)
     
  • Nasdaq

    11,073.31
    -75.33 (-0.68%)
     
  • Russell 2000

    1,752.51
    -10.18 (-0.58%)
     
  • Crude Oil

    88.96
    +0.51 (+0.58%)
     
  • Gold

    1,720.90
    +0.10 (+0.01%)
     
  • Silver

    20.69
    +0.03 (+0.15%)
     
  • EUR/USD

    0.9794
    -0.0192 (-1.9197%)
     
  • 10-Yr Bond

    3.8260
    +0.0670 (+1.78%)
     
  • Vix

    30.52
    +1.97 (+6.90%)
     
  • GBP/USD

    1.1169
    -0.0306 (-2.6649%)
     
  • USD/JPY

    145.0480
    +0.8490 (+0.5888%)
     
  • BTC-USD

    20,039.17
    -126.24 (-0.63%)
     
  • CMC Crypto 200

    456.11
    -7.01 (-1.51%)
     
  • FTSE 100

    6,997.27
    -55.35 (-0.78%)
     
  • Nikkei 225

    27,311.30
    +190.77 (+0.70%)
     

Why Marqeta Stock Fell Hard Today

·2 min read
Why Marqeta Stock Fell Hard Today

Shares of Marqeta (NASDAQ: MQ) were tumbling this morning after the payments processing company reported its second-quarter results. While those results beat analysts' top- and bottom-line estimates, investors instead worried about Marqeta's announcement that it's looking for a new CEO. Marqeta reported a non-GAAP (adjusted) loss per share of $0.08 in the quarter, which was a huge improvement over the loss per share of $0.29 in the year-ago quarter and ahead of analysts' average estimate of a loss of $0.10.