After-Hours Stock Movers:
Cognex Corporation (CGNX) 4% HIGHER; increased its revenue guidance for the third quarter of 2022 ahead of the company’s triennial Analyst Day. The company now expects revenue to be between $195 million and $205 million as compared to the company’s previous guidance of $160 million to $180 million, which was given on August 2, 2022.
Ford (F) 4% LOWER; said inflation-related supplier costs during the third quarter will run about $1.0 billion higher than originally expected.
Enovix Corporation (ENVX) 1% HIGHER; Piper Sandler initiates coverage with an Overweight rating and a price target of $29.00.
GM (GM) 2% LOWER; lower as peer Ford warns about $1 billion in higher costs related to inflation.