FreightCar America 撤销1285辆罐车改造订单并大幅下调FY2026指引，盘前重挫约19%

Stock futures exhibited mixed performance early Tuesday as Wall Street turned its focus to a heavy week of corporate earnings updates amid ongoing scrutiny of the AI trade. Here are some of Tuesday's biggest stock movers: Biggest stock gainers 3M ( MMM ) +4% - Shares gained after the company announced an expanded strategic commercial agreement to supply optical connectivity and data center hardware to Amazon (AMZN). According to an SEC filing, 3M issued warrants enabling Amazon to purchase up to 3.16M common shares over seven years at an exercise price of $164.89 per share. Under the performance-linked structure, 85% of the warrant shares will vest as cumulative purchases from Amazon reach $6B, with the remainder tied to undisclosed event-based milestones. The potential equity stake would represent less than 1% of 3M’s outstanding shares. To bolster its optical manufacturing capabilities, 3M separately revealed plans to acquire a 4.7% equity position in Taiwan's Genius Electronic Optical to manufacture advanced data center optical solutions. Biggest stock losers FreightCar America ( RAIL ) -19% - Shares plunged after the company removed a 1,285-unit tank car retrofit order from its backlog and sharply lowered its FY2026 financial outlook. The railcar manufacturer cited concerns over the customer's ability to fulfill contract obligations, eliminating all scheduled deliveries under the order for 2026 and 2027. Consequently, FreightCar America issued preliminary third-quarter revenue guidance of $75M to $77M, down sharply from $160.5M in the prior-year period and the consensus of $134.44M. The company reduced its full-year 2026 revenue target to $370M–$410M (down from $410M–$460M), much below the consensus of $445.14M. Full-year adjusted EBITDA guidance was slashed to $15M–$19M from the previous $36M–$44M. The contract removal leaves the company's ending backlog at 2,660 units valued at $284.5M. Steel Dynamics ( STLD ) -6% - Shares slipped following Q3 results that missed consensus estimates on top and bottom lines. Despite the shortfalls, Steel Dynamics achieved record quarterly steel shipments of 3.8M tons, driving consolidated operating income up 44% sequentially to $1B. Chief Executive Officer Mark Millett highlighted strong structural demand and continued operational progress at the company's new aluminum flat-rolled products mill, where all three cold mills are now operational and shipments reached 55,000 metric tons.