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Stocks on the move 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 challenges. Ford now sees inflation-related supply costs about $1 billion higher during the quarter compared to its previous estimate, and sees supply shortages affecting about 40,000 to 45,000 vehicles, shifting some revenue to the fourth quarter. Ford sees 3Q adjusted EBIT of $1.4 billion to $1.7 billion, but reaffirmed its full-year adjusted EBIT guidance.

Bitcoin (BTC-USD): Bitcoin tumbled below $1[ads1]9,000, a three-month low, as riskier 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 (28): The manufacturer raised its revenue guidance for the third quarter driven by 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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