10 Stocks Drop by Double Digits Mostly Due to Disappointing Earnings

6. Viatris Inc. (NASDAQ:VTRS)

Viatris fell by 15.21 percent on Thursday to end at $9.53 apiece as investors sold off following a dismal earnings performance in 2024.

In its latest earnings release, VTRS swung to a net loss of $634.2 million in 2024 from a $54.7 million net income a year earlier. Meanwhile, revenues dipped by 4.5 percent to $14.7 billion from $15.4 billion.

The fourth quarter, however, posted an improvement, as net loss narrowed by 32.5 percent to $516.5 million from $765.6 million. However, revenues declined by 8 percent to $3.5 billion from $3.8 billion year-on-year.

Looking ahead, the company said it would conduct a share buyback program worth between $500 million and $650 million.

It targets revenues to settle between $13.5 billion and $14 billion, with an average of $13.75 billion.