10 Stocks Crushing With Whopping Double-Digit Gains

5. Cognex Corporation (NASDAQ:CGNX)

Cognex Corp. rebounded by 20.76 percent on Thursday to finish at $40.77 apiece after reporting impressive earnings in the past quarter and raising its growth outlook for the third quarter of the year.

In its financial statement, Cognex Corporation (NASDAQ:CGNX) said net income in the second quarter increased by 12 percent to $40.5 million from $36.2 million in the same period last year, while revenues grew by 4 percent to $249 million from $239 million year-on-year.

Net profit in the first half rose by 33 percent to $64 million from $48 million, while revenues inched up by 3 percent to $465 million from $450 million.

For the current quarter, Cognex Corporation (NASDAQ:CGNX) said it targets to grow its revenues by 9 percent to a range of $245 million to $265 million, versus the $235 million actual revenue in the same period last year. Adjusted EPS was also pegged at $0.24 to $0.29, or 35 percent higher year-on-year.

Meanwhile, Cognex Corporation (NASDAQ:CGNX) is also set to distribute a quarterly cash dividend worth $0.08 to shareholders as of August 14 record. The dividends will be payable on August 28, 2025.