Double-Digit Disaster: 10 Big Names Fall Off the Cliff

4. Molina Healthcare, Inc. (NYSE:MOH)

Molina Healthcare ended two straight days of rally on Thursday, dropping 16.84 percent to close at $158.22 apiece as investor sentiment was dampened by its lower earnings outlook for the year.

In a statement, Molina Healthcare, Inc. (NYSE:MOH) lowered its adjusted EPS outlook by 22 percent to only $19 from the $24.5 guidance previously.

Total revenues were also expected to settle at $44 billion, or 8.37 percent higher than the $40.65 billion in 2024.

In the second quarter of the year, Molina Healthcare, Inc. (NYSE:MOH) saw net income decline by 15 percent to $255 million from $301 million in the same period last year, pulling net profit for the first half lower by 8 percent to $553 million from $602 million year-on-year.

Total revenues during the quarter increased by 15 percent to $11.4 billion from $9.88 billion, while revenues for the first semester grew by 13.6 percent to $22.57 billion from $19.8 billion year-on-year.