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HomeAutomobileShares making the largest strikes after hours: Ford, GM, Cognex

Shares making the largest strikes after hours: Ford, GM, Cognex

A Ford Bronco car on a demonstrative course throughout the Motor Bella Auto Present in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021.

Emily Elconin | Bloomberg | Getty Photos

Listed here are the shares making notable strikes in prolonged buying and selling:

Ford — Shares fell about 3.8% submit market Monday after the automaker told investors it saw a $1 billion increase in supply chain costs during the third quarter. Ford reiterated its full-year steering for adjusted earnings earlier than curiosity and taxes.

General Motors — Shares dropped 2% following the announcement from Ford that its provide chain prices have been about $1 billion greater than anticipated.

Cognex — Shares of the machine imaginative and prescient firm jumped greater than 7% in prolonged buying and selling after Cognex raised its income steering for the third quarter. Cognex stated it now expects income between $195 million and $205 million, up from a previous vary of $180 million to $190 million, attributable to faster-than-expected demand success.

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