Ten stocks ended on a bloodbath on Tuesday, recording double-digit declines in their share prices amid a combination of dismal earnings and a lower growth outlook, among others.
The companies dropped in line with Wall Street’s main indices, which all finished in the red during the session. The Dow Jones was down by 0.46 percent, the S&P 500 fell 0.30 percent, and the tech-heavy Nasdaq declined by 0.38 percent.
In this article, let us explore the names of the 10 worst performers on Tuesday alongside the reasons behind their decline.
To compile the list, we focused on stocks with more than $2 billion in capitalization and 5 million shares in trading volume.
A man in long sleeves looking at stock market data. Photo by Tima Miroshnichenko on Pexels
10. Brown & Brown, Inc. (NYSE:BRO)
Brown & Brown fell to a new all-time low on Tuesday, as investors sold off positions following a dismal earnings performance in the second quarter of the year.
At intra-day trading, Brown & Brown, Inc. (NYSE:BRO) dropped to its lowest 52-week price of $91.55 before slight buying pushed the company’s shares higher to end the day just down by 10.4 percent at $91.91 apiece.
In a statement, Brown & Brown, Inc. (NYSE:BRO) said attributable net income declined by 10 percent to $231 million from $257 million in the same period last year, despite revenues increasing by 9 percent to $1.285 billion from $1.178 billion year-on-year. Total expenses increased by 17 percent to $974 million from $832 million.
In the first half, attributable net income inched up by 2.4 percent to $563 million from $550 million year-on-year, while revenues grew by 10 percent to $2.689 billion from $2.435 billion. Total expenses also increased by 13 percent to $1.951 billion from $1.723 billion.
Commenting on the performance, Brown & Brown, Inc. (NYSE:BRO) President and CEO J. Powell Brown said that he was pleased with the company’s earnings during the quarter, “and have good momentum as we head into the second half of the year.”
9. United Parcel Service, Inc. (NYSE:UPS)
United Parcel Service extended its losing streak to a third consecutive day on Tuesday, shedding 10.57 percent to close at $90.84 apiece as investor sentiment was dampened by a dismal earnings performance and cautious business outlook.
In its financial statement, United Parcel Service, Inc. (NYSE:UPS) said that net income dropped by 8.9 percent to $1.283 billion from $1.409 billion in the same period last year. Consolidated revenues dipped by 2.7 percent to $21.2 billion from $21.8 billion year-on-year.
For full year 2025, United Parcel Service, Inc. (NYSE:UPS) posted a more cautious stance, failing to provide revenue and operating profit guidance amid macroeconomic uncertainties.
However, United Parcel Service, Inc. (NYSE:UPS) hinted at a $1-billion share buyback program and paying as much as $5.5 billion in cash dividends to its shareholders. Distribution remains subject to the approval of its board of directors.
“Our second quarter results reflect both the complexity of the landscape and the strength of our execution. We are making meaningful progress on our strategic initiatives, and we’re confident these actions are positioning the company for stronger long-term financial performance and enhanced competitive advantage,” said United Parcel Service, Inc. (NYSE:UPS) CEO Carol Tomé.
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