U.S. stocks traded lower, with the Dow Jones index falling more than 100 points on Monday.
Shares of Science Applications International Corporation (NYSE: SAIC) surged during Monday’s session after the company reported third-quarter financial results and raised FY24 guidance above estimates.
SAIC reported a 1% revenue decline Y/Y in Q3 FY24 to $1.895 billion, beating the consensus of $1.790 billion. Adjusted EPS of $2.27 beat the consensus of $1.69.
SAIC raised revenue guidance to $7.325 billion - $7.350 billion (prior $7.20 billion - $7.25 billion). The company increased adjusted EPS guidance to $7.70 - $7.90 (prior $7.20 - $7.40).
Science Applications International shares rose 6.9% to $128.20 on Monday.
Here are some other big stocks recording gains in today’s session.
Hawaiian Holdings, Inc. (NASDAQ: HA) shares jumped 187% to $14.03 after Alaska Air Group, Inc. (NYSE: ALK) announced plans to acquire the company in a deal worth $1.9 billion.
XBP Europe Holdings, Inc. (NASDAQ: XBP) rose 39.5% to $33.28.
Beyond Meat, Inc. ...
Related tickers: CVNA, RIOT, NHC, SPOT, COIN, BYND, CVGW, TERN, HA, BMEA, IDXX, NEGG, MSTR, WBX, ALK, FLNC, GME, WULF, SAIC, XBP, CCSI, MARA, UBER, RILY, CLSK.
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