Ten stocks defied a broader market optimism on Friday, finishing the week with hefty losses, as investor sentiment was dented by a flurry of key economic news coupled with weak earnings and outlook for the rest of the year.
In this article, let us look at the 10 companies with the worst performance on Friday and detail the reasons behind their drop.
To come up with the list, we focused exclusively on stocks with a $2 billion market capitalization and 5 million in trading volume.
10. Fortuna Mining Corp. (NYSE:FSM)
Fortuna Mining dropped its share prices by 3.65 percent on Friday to finish at $7.13 apiece as investors resorted to profit-taking following the previous day’s gains.
Fortuna Mining Corp. (NYSE:FSM), a leading gold and silver mining company, earned a boost from higher gold and silver prices on Thursday, with the latter hitting a new all-time high.
Friday, however, saw spot prices of gold drop by 1.26 percent, while silver maintained its strength with another 0.92 percent gain.
In the first quarter of the year, Fortuna Mining Corp. (NYSE:FSM) grew its net income from continuing operations by 130 percent to $67.97 million from $29.5 million in the same period last year.
Sales rose by 45 percent to $290 million from $200.9 million year-on-year.
Fortuna Mining Corp. (NYSE:FSM) is expected to hold an annual shareholders’ meeting at 10 AM PDT on June 26 in Vancouver, Canada.
9. Newmont Corporation (NYSE:NEM)
Newmont extended its losing streak to a fourth straight day on Friday, losing 3.94 percent to end at $52.36 apiece as investors unloaded positions following the drop in gold prices.
On the same day, gold saw its spot prices decline by 1.26 percent to $3,310.42 per troy ounce, amid a profit-taking from the previous day’s gains.
In the first quarter of the year, Newmont Corporation (NYSE:NEM) achieved a 1,012-percent increase in net income attributable to shareholders in the first quarter of the year, at $1.89 billion versus the $170 million in the same period last year.
Revenues amounted to $5.01 billion, representing an increase of 24 percent from the $4.02 billion in the same period a year earlier.
Amid the impressive performance, Newmont Corporation (NYSE:NEM) declared a $0.25 cash dividend to common stockholders as of May 27, payable on June 20.
Newmont Corporation (NYSE:NEM) is a leading gold mining company, which also produces copper, zinc, lead, and silver.
8. The Mosaic Company (NYSE:MOS)
Shares of The Mosaic Company decreased by 4.40 percent on Friday to end at $34.80 apiece, a third straight day, as investors reacted negatively to lower production guidance for the second quarter and full year 2025.
In a statement, The Mosaic Company (NYSE:MOS) said it now sees phosphate sales volumes for the second quarter of 2025 to be in the range of 1.5 million to 1.6 million tons, or lower than the 1.7 million to 1.9 million tons as targeted previously.
It also revised its production guidance for the full year period to 7 million to 7.3 million tons, lower than the 7.2 million to 7.6 million tons as expected previously.
While its phosphate facility in New Wales was expected to increase over 20 percent in the current quarter, commissioning and ramp-up of the first of three new gypsum handling systems took longer than expected.
The Mosaic Company (NYSE:MOS) said it now expects the second and third systems to be installed and commissioned by the end of June and early July.
Additionally, it extended planned downtimes for its Riverview facility to eliminate bottlenecks, causing production to miss initial expectations.
Its Louisiana facilities also discovered additional necessary repairs, resulting in extended outage periods and some lost production.
7. Samsara Inc. (NYSE:IOT)
Samsara ended a two-day rally on Friday, shedding 4.55 percent to close at $45.10 apiece as investors repositioned portfolios following the disposition of a significant stake in the company by none other than its chief executive officer and another shareholder.
In a regulatory filing, Samsara Inc. (NYSE:IOT) announced that its CEO, Biswas Sanjit, sold worth $160,000 of shares in the company on June 3 and 4.
Meanwhile, John Bicket, who owns 10 percent of Samsara Inc. (NYSE:IOT), also disposed of shares worth $170,000 in a series of transactions on June 3 and 4.
In the first quarter of fiscal year 2026, Samsara Inc. (NYSE:IOT) narrowed its net losses by 60.7 percent to $22 million from $56 million in the same period last year.
Revenues rose by 30.69 percent to $366.88 million from $280.7 million year-on-year.
Samsara Inc. (NYSE:IOT) expects to incur higher revenues for the second quarter and full fiscal year of 2026. Revenues were pegged at $371 million to $373 million, while full-year revenues were expected to hit $1.547 billion to $1.555 billion.
6. Broadcom Inc. (NASDAQ:AVGO)
Broadcom dropped its share prices for a second day on Friday, shedding 5 percent to finish at $246.93 apiece as investors appeared to have already priced in its impressive earnings performance for the second quarter of fiscal year 2025.
In a statement, Broadcom Inc. (NASDAQ:AVGO) said it netted $4.965 billion during the period, higher by 134 percent than the $2.121 billion in the same period last year.
Revenues also increased by 20 percent to $15 billion from $12.487 billion.
“Broadcom achieved record second quarter revenue on continued momentum in AI semiconductor solutions and VMware. [Second quarter] AI revenue grew 46 percent year-over-year to over $4.4 billion, driven by robust demand for AI networking,” Broadcom Inc. (NASDAQ:AVGO) President and CEO Hock Tan.
“We expect growth in AI semiconductor revenue to accelerate to $5.1 billion in Q3, delivering ten consecutive quarters of growth, as our hyperscale partners continue to invest,” he added.
Broadcom Inc. (NASDAQ:AVGO) also declared a cash dividend of $0.59 per share to stockholders as of June 20 record, payable on June 30.
5. Equinox Gold Corp. (NYSEAmerican:EQX)
Equinox Gold dropped its share prices by 5.06 percent on Friday to finish at $6.94 apiece as investors unloaded portfolios amid the drop in spot prices of gold.
On the same day, gold saw its spot prices decline by 1.26 percent to $3,310.42 per troy ounce, amid a profit-taking from the previous day’s gains.
In recent news, Equinox Gold Corp. (NYSEAmerican:EQX) entered into an agreement with Calibre Mining Corp. for their planned $1.8-billion merger. Under the transaction, Equinox Gold Corp. (NYSEAmerican:EQX) will acquire all of Calibre’s issued and outstanding shares.
The transaction is expected to boost Equinox Gold Corp.’s (NYSEAmerican:EQX) producing mines to nine from seven previously, alongside Calibre’s Valentine project in Newfoundland, which is underway construction.
Upon completion, Equinox Gold Corp. (NYSEAmerican:EQX) is set to become Canada’s largest gold miner.
The transaction is expected to be closed this month.
4. Harmony Gold Mining Company Limited (NYSE:HMY)
Harmony Gold saw its share prices decline by 5.27 percent on Friday to finish at $14.56 apiece as investor sentiment was dampened by the death of another mine worker—allegedly the 10th death case recorded this year alone.
The news sparked investor concerns about the company’s safety regulations and strategy, especially as it aims to achieve zero harm and foster a proactive safety culture.
“Harmony Gold Mining Company Limited regrets to announce a loss of life due to a fall of ground at its Joel mine in the Free State province. All relevant authorities, family members, and colleagues have been informed,” it said.
“We have been on a journey to achieve zero harm since 2016, and we continually assess the maturity of this journey to identify areas for improvement,” it added.
Harmony Gold Mining Company Limited (NYSE:HMY) said that it achieved six months of death-free shifts, showing that its strategy was correct.
“We continue to believe that zero loss of life is possible,” it noted.
3. Braze, Inc. (NASDAQ:BRZE)
Braze Inc. dropped its share prices by 17.65 percent on Friday to finish at $29.73 apiece as investors soured on its dismal earnings performance in the first quarter of fiscal year 2026.
In a statement, Braze, Inc. (NASDAQ:BRZE) said attributable net loss was unchanged at $35 million, despite revenues increasing by 20 percent to $162 million from $135 million, driven primarily by new customers, upsells, and renewals.
For the second quarter of the year, Braze, Inc. (NASDAQ:BRZE) is targeting to hit $171 million to $172 million in revenues, with a net income ranging from $2.5 million to $3.5 million.
The full-year period alone is expected to rake in between $702 million and $706 million in revenues, and a net income of $17 million to $21 million.
The company also welcomed Ed McDonnell as its new chief revenue officer.
“McDonnell has a strong track record of delivering results at high-growth public SaaS businesses, and we believe his extensive background in Software and Customer Engagement will further solidify Braze as the leading customer engagement platform and accelerate growth in the coming years,” said Braze, Inc. (NASDAQ:BRZE) CEO Bill Magnuson.
2. DocuSign, Inc. (NASDAQ:DOCU)
DocuSign dropped its share prices by 18.97 percent on Friday to end at $75.28 apiece after slashing its full-year billing outlook amidst its shift to an artificial intelligence model.
For the full year period, DocuSign, Inc. (NASDAQ:DOCU) now expects billings to settle in the range of $3.285 billion to $3.339 billion, down from its previous outlook of $3.30 billion to $3.354 billion.
According to DocuSign, Inc. (NASDAQ:DOCU) CEO Allan Thygesen, the decline in billings this year was expected due to “foundational go-to-market changes” following the adoption of Intelligent Agreement Management, an AI-driven agreement platform.
However, Thygesen said that “the impact happened sooner than anticipated,” causing the drop in early renewals during the first quarter period, and negatively impacting billings growth.
In the first quarter of the year, DocuSign, Inc. (NASDAQ:DOCU) achieved a 118-percent jump in net income to $72 million from $33 million in the same period last year.
Revenues increased by 7.6 percent to $763 million from $709 million year-on-year.
1. lululemon athletica inc. (NASDAQ:LULU)
Lululemon fell by 19.8 percent on Friday to finish at $265.27 apiece following a disappointing earnings performance and outlook guidance for the rest of the year.
In its financial statement, Lululemon Athletica Inc. (NASDAQ:LULU) said net income in the first quarter of the year dipped by 2 percent to $314 million from $321 million in the same period last year.
Net revenues, on the other hand, grew by 7 percent to $2.37 billion from $2.2 billion year-on-year.
For the second quarter of the year, Lululemon Athletica Inc. (NASDAQ:LULU) expects net revenue to be in the range of $2.535 billion to $2.56 billion, representing growth of 7 percent to 8 percent.
For the full-year period, it said targets net revenue to be in the range of $11.15 billion to $11.3 billion, representing growth of 5 to 7 percent.
Following the guidance, JPMorgan and UBS both reduced their price targets for the company to $303 and $290, respectively, from $389 and $330 previously.
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