Stocks on the move after hours: Ford, Cognex and more


ford (f): Shares fell during extended trading after the company warned of higher costs due to inflation and supply chain challenges. Ford now sees inflation-related supply costs to be about $1 billion higher during the quarter compared to the previous estimate and sees supply shortages impacting about 40,000 to 45,000 vehicles, shifting some of its revenue into the fourth quarter. . Ford expects adjusted EBIT of $1.4 billion to $1.7 billion for the third quarter, but confirmed its full-year adjusted EBIT forecast.

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Bitcoin (BTC-USD): Bitcoin fell 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 sees revenue between $195 million and $205 millionnup from a previous range of $180 million to $190 million.

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