Shares of Marqeta Inc. rose more than 14% in after-hours trading Wednesday after the company, which enables companies to issue debit and credit cards, topped expectations with its latest results while also delivering an upbeat forecast.

The company recorded a third-quarter net loss of $45.7 million, or 8 cents a share, compared with a loss of $12.3 million, or 10 cents a share, in the year-earlier quarter.

Marqeta…

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