04:36 AM EST, 11/05/2024 (MT Newswires) -- Marqeta ( MQ ) reported a Q3 net loss late Monday of $0.06 per diluted share, narrowing from a loss of $0.10 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.05.

Net revenue for the quarter ended Sept. 30 was $128 million, compared with $108.9 million a year earlier.

Analysts surveyed by Capital IQ expected $127.7 million.

The company said it expects Q4 net revenue growth of 10% to 12%.

Marqeta's ( MQ ) shares dropped more than 37% in Tuesday premarket activity.

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