Moving stocks after hours: Ford, Cognex and more


Ford (F): Shares fell in extended trading after the company warned of higher costs due to inflation and supply chain issues. Ford now estimates inflation-related supply costs will be about $1 billion higher in the quarter than its previous estimate and expects supply shortages to affect about 40,000 to 45,000 vehicles, moving some revenue to the fourth quarter. Ford forecast adjusted EBIT of $1.4 billion to $1.7 billion for Q3, but reaffirmed its full-year adjusted EBIT guidance.

bitcoin (BTC-USD): Bitcoin slipped below $19,000, its lowest level in three months, as risky assets fell ahead of the Federal Reserve’s rate decision on Wednesday. Bitcoin fell to an intraday low of $18,420.94 on Monday while Ethereum (ETH-USD) fell to $1,289.27.

Cognex (CGNX): The manufacturer raised its revenue forecast for the third quarter due to its ability to “meet customer demand faster than expected.” Cognex now reports revenue between $195 million and $205 millionnotdown from a previous range of $180 million to $190 million.

Click here for the latest stock market trends from the Yahoo Finance platform

Click here for the latest stock market news and in-depth analysis, including events moving stocks

Read the latest financial and business news from Yahoo Finance

Download the Yahoo Finance app to Apple Where android

Follow Yahoo Finance on Twitter, Facebook, instagram, Flipboard, LinkedInand Youtube

Source link


Comments are closed.