After-hours stock drives:
Cognex Corporation (CGNX) 4% higher; Increase 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 compared to the company’s previous guidance of $160 million to $180 million, which was provided on August 2, 2022.
Ford (F) 4% less; He said supplier costs associated with inflation during the third quarter would be about $1.0 billion higher than originally expected.
Enovix Corporation (ENVX) 1% up; Piper Sandler starts coverage with an overweight rating and a $29.00 price target.
GM (GM) 2% less; Less as Ford’s peer warned of about $1 billion in high costs related to inflation.