Ford Motor Co ( F ) stock is trading lower on the heels of the Detroit-based automaker’s third-quarter results. The company’s soft earnings outlook appears to be weighing on shares.

Q3 Revenue: $46.2 billion, versus estimates of $41.88 billion

Q3 EPS: 49 cents, versus estimates of 47 cents

Total revenue was up 5% on a year-over-year basis. Ford Blue sales were up 3% to $26.2 billion in the quarter. Ford Pro sales were up 13% year-over-year to $15.7 billion. Ford Model e sales fell 33% year-over-year. Ford’s electric vehicle segment also recorded an EBIT loss of $1.2 billion in the quarter.

Guidance: Ford now expects full-year adjusted EBITDA of about $10 billion, down from prior guidance of $10 billion to $12 billion. The company expects full-year Ford Pro EBIT of about $9 billion and full-year Ford Blue EBIT of about $5 billion. The company anticipates a full-year loss of about $5 billion for the Ford Model e segment.

“No doubt there’s a global price war. And it’s fueled by over-capacity, a flood of new EV nameplates and massive compliance pressure,” Ford CEO Jim Farley said on the conference call.

“Clearly, our strategic advantages are not falling to the bottom line the way they should … Costs, especially warranty, has held back our earnings power.”

Analyst Updates: Following the print, Barclays analyst Dan Levy maintained Ford with an Overweight rating and lowered the price target from $14 to $13. RBC Capital analyst Tom Narayan reiterated a Sector Perform rating and maintained a price target of $10.

See Also: Ford’s EV Segment Weighed Down By Pricing Pressures, Competition: CEO Jim Farley Points Out ‘Very Aggressive Lease Tactics’ By Rivals

F Price Action: Ford shares were down 9.19% at $10.33 at the time of publication Tuesday, according to Benzinga Pro.