Ford Motor Co. reported better-than-expected quarterly profit and sales, but the stock lost more than 5% after hours Monday as investors focused on a $1.2 billion loss for the car maker’s EV business and a guidance tweak signaling lower profit for the year.

Ford Motor said its adjusted profit for the full year would come in at the low end of its guidance, disappointing investors after rivals General Motors and Tesla posted surprisingly strong results. The automaker has been struggling with deep losses on its electric-car business and higher warranty costs,

Ford Motor Co. said it previously had expected additional charges for canceling a three-row electric SUV program.