Why Hologic (HOLX) Stock Went Down On Thursday?

We recently published a list of 10 Firms Hit Hard in Thursday’s Trading. In this article, we are going to take a look at where Hologic, Inc. (NASDAQ:HOLX) stands against other firms that hit hard in Thursday’s trading.

Shares of 10 companies were hit hard on Thursday, bucking a mostly optimistic broader market, as investor sentiment was dragged down by disappointing earnings performances and loss of key partnerships.

The Dow Jones was the sole decliner during the day, losing 0.28 percent in its valuation. In contrast, the S&P 500 and Nasdaq Composite both ended firmer, rallying by 0.36 percent and 0.51 percent, respectively.

This article details the reasons behind the 10 companies’ lackluster performance.

To come up with Thursday’s worst performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A doctor using a medical imaging system to diagnose a patient at a hospital.

Hologic, Inc. (NASDAQ:HOLX)

Hologic, Inc. (NASDAQ:HOLX) dropped its share prices on Thursday by 10.10 percent to end at $65.45 apiece amid disappointing earnings results in the first quarter of fiscal year 2025.

In a statement, Hologic (NASDAQ:HOLX) said net income in the quarter fell by 18 percent to $201 million from $246.5 million, while revenues were flat at $1.02 billion versus $1.01 billion.

Meanwhile, the company achieved GAAP earnings per share of 87 cents and non-GAAP EPS of $1.03, reaching the high end of guidance.

For the full year, Hologic said it expects revenues to decline to between $4.05 billion and $4.1 billion, but maintained its non-GAAP EPS guidance of $4.25 to $4.35.

Last month, Hologic completed the acquisition of Gynesonics for approximately $350 million.

Hologic (NASDAQ:HOLX) is an innovative medical technology company primarily focused on improving women’s health and well-being through early detection and treatment.

Overall, HOLX ranks 7th on our list of firms that hit hard in Thursday’s trading. While we acknowledge the potential of HOLX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HOLX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.