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

Ford (Well): Shares fell in 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 in the quarter than previously estimated and sees the supply shortfall affecting about 40,000 to 45,000 vehicles, shifting some revenue to the fourth quarter. Ford sees third-quarter adjusted EBITDA of $1.4 billion to $1.7 billion, but reaffirmed its full-year adjusted EBIT guidance.

Bitcoin (BTC-USD): Bitcoin fell below $19,000 to a three-month low as risk assets fell ahead of the Federal Reserve’s interest 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 third-quarter revenue guidance, driven by its ability to “meet customer demand faster than expected.” Cognex now reports revenue between $195 million and $205 millionnfrom a previous range of $180 million to $190 million.

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