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

4. GXO Logistics Inc. (NYSE:GXO)

GXO Logistics nosedived by 15.08 percent on Thursday, ending the day at $36.31 apiece as investor sentiment was dampened by a soft 2025 outlook, coupled with mixed earnings performance in 2024.

In a statement, GXO said attributable net income in the fourth quarter of 2024 jumped 37 percent to $100 million from $73 million, as revenues grew by 25 percent to $3.25 billion from $2.59 billion.

However, net income in full year 2024 fell 41 percent to $134 million from $229 million in 2023, despite revenues growing 19.6 percent to $11.7 billion from $9.78 billion.

For 2025, the company expects organic revenues to grow between 3 to 6 percent.

“Our guidance for 2025 reflects our confidence in our core business growth, the phasing of startups, the impact of foreign exchange, and our current expectation of the timing of the Wincanton regulatory review. The strength of our pipeline and the pace of our new business wins continue to benefit from the structural tailwinds—outsourcing, automation, and e-commerce—at our backs,” said GXO CEO Malcolm Wilson.