Walgreens slashed its 2019 forecast and missed second-quarter expectations with a performance that sent its shares plunging Tuesday and helped knock down the Dow Jones Industrial Average.

Company leaders told analysts that challenges they had been expecting like reimbursement cuts and lower price increases for branded drugs hit Walgreens much sooner than they anticipated.

“This has been a very disappointing quarter for us,” Executive Vice Chairman and CEO Stefano Pessina said after noting in a statement that it was the company’s most challenging quarter since it formed more than four years ago.

Read the full article from The Associated Press