Heavy Selling Drags Share Prices of These 10 Firms

2. Vertiv Holdings Co. (NYSE:VRT)

Vertiv Holdings saw its share prices drop by 9.74 percent on Wednesday to finish at $111.24 apiece as investors sold off after the company posted lower-than-expected earnings estimates for the first quarter of the year.

Despite improved earnings performance for full year 2024, VRT said it expects earnings per share (EPS) between 57 cents and 63 cents in the first quarter of 2025. Analysts on the other hand targeted adjusted EPS of 64 cents. Meanwhile, adjusted EPS for the full year 2025 was pegged at between $3.5 and $3.6.

Last quarter, VRT also saw net income drop by 36.8 percent to $147 million from $232.6 million year-on-year. However, net income in the full year increased by 7.7 percent to $495.8 million from the $460.2 million registered in 2023.