Why Viatris Inc. (VTRS) Went Down on Thursday

We recently compiled a list of the 10 Stocks Drop by Double Digits Mostly Due to Disappointing Earnings. In this article, we are going to take a look at where Viatris Inc. (NASDAQ:VTRS) stands against the other stocks.

Wall Street’s main indices suffered a bloodbath on Thursday as overall investor sentiment was weighed down by President Donald Trump’s series of tariffs on goods from other countries.

The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.

On Thursday, Trump threatened to slap EU products with a 25-percent tax, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.

Ten companies also mirrored wider market pessimism, posting double-digit declines, albeit the drop was predominantly due to dismal earnings performance last year.

To come up with Thursday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A healthcare worker in a lab coat, holding a microscope and reflecting on the diagnosis of a patient.

Viatris Inc. (NASDAQ:VTRS)

Viatris Inc. (NASDAQ:VTRS) 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, Viatris Inc. (NASDAQ: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.

Overall VTRS ranks 6th on our list of Thursday’s worst performers. While we acknowledge the potential of VTRS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as VTRS but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.