MarqetaNASDAQ: MQ

Marqeta, Inc. (NASDAQ:MQ ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Stacey Finerman - Vice President, Investor Relations Simon Khalaf - Chief Executive Officer Mike Milotich - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Darrin Peller - Wolfe Research Tien-Tsin Huang - JPMorgan Timothy Chiodo - UBS Sanjay Sakhrani - KBW Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Operator Ladies and gentlemen, greetings, and welcome to the Marqeta, Inc. Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Marqeta (MQ) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago.

The fintech company's forecast fell short of prior guidance as some customers are moving to in-house solutions and others are reacting to heightened banking regulations.

Marqeta shares plummeted in extended trading on Monday after the company issued guidance that fell well short of analysts' estimates. The stock was already down 15% for the year prior to the report and has lost more than 80% of its value since peaking in 2021.

LONDON--(BUSINESS WIRE)--Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey published today by Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators. The company has published its fourth annual 2024 State of Credit report which polled 3,000 consumers globally – including 1,000 in the United Kingdom – revealing that.

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today introduced two new products – UX Toolkit and Portfolio Migrations – to its card program management tools. Marqeta's program management capabilities combine the power of its technology with its breadth of expertise around card implementation, helping to drive the success and scalability of its customers' card programs. UX Toolki.

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced that Fouzi Husaini has joined the company as its Chief Artificial Intelligence Officer. Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta's AI organization to help increase purchasing power for all by reducing risk and improving consumer and commercial rewards, while also helpin.

Card issuing platform Marqeta has a new chief artificial intelligence (AI) officer. Fouzi Husaini, a veteran of Amazon and Capital One, will play a key role in Marqeta's efforts to scale its AI organization, the company announced Monday (Sept.

The mean of analysts' price targets for Marqeta (MQ) points to a 38.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.