Weak Earnings, Outlook Drag Shares of These 10 Firms on Thursday

5. Cognex Corp. (NASDAQ:CGNX)

Cognex Corp. fell by 13.58 percent on Thursday to end at $33.92 apiece as investors sold off positions after disappointing earnings performance last year.

In a statement, CGNX said full-year net income declined by 6 percent to $106 million from $113 million, despite an impressive 152-percent jump in net income for the fourth quarter alone, to $28.3 million from $11.2 million year-on-year.

For the first quarter of 2025, CGNX expects revenues to settle between $200 million and $220 million, flat from the same period in 2024, on the back of expected growth in logistics and semiconductors, offset by weaker automotive and a $5-million foreign exchange headwind.

CGNX is a US-based company manufacturing machine vision systems, software, and sensors used in automated manufacturing to inspect and identify parts, detect defects, verify product assembly, and guide assembly robots.