SAIC Reports Q3 Results, Joins Uber, Wallbox And Other Big Stocks Moving Higher On Monday

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. (NASDAQ:BYND) shares gained 23.6% to $9.36.
• B. Riley Financial, Inc. (NASDAQ:RILY) jumped 19.4% to $24.09. Bryant R. Riley reported sale of most of its stake in Arena Group to Arena.
• Biomea Fusion, Inc. (NASDAQ:BMEA) climbed 18.8% to $19.82.
• Wallbox N.V. (NYSE:WBX) gained 16.3% to $1.8150 after Generac announced it made a minority investment in the company.
• CleanSpark, Inc. (NASDAQ:CLSK) surged 16.1% to $8.87amid a weekend increase in the price of Bitcoin.
• Newegg Commerce, Inc. (NASDAQ:NEGG) shares rose 15.5% to $2.08.
• Carvana Co. (NYSE:CVNA) rose 15.3% to $40.56 after JP Morgan upgraded the stock from Underweight to Neutral and raised its price target from $25 to $40.
• Terns Pharmaceuticals, Inc. (NASDAQ:TERN) surged 15.3% to $6.02.
• Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) rose 12.6% to $21.55.
• TeraWulf Inc. (NASDAQ:WULF) gained 12.5% to $1.54 amid a weekend surge in the price of Bitcoin.
• Calavo Growers, Inc. (NASDAQ:CVGW) jumped 11.9% to $25.67.
• Marathon Digital Holdings, Inc. (NASDAQ:MARA) surged 11.4% to $15.26 amid a weekend surge in the price of Bitcoin.
• Riot Platforms, Inc. (NASDAQ:RIOT) gained 11.1% to $15.30 amid a weekend surge in the price of Bitcoin.
• National HealthCare Corporation (NYSE:NHC) rose 10.3% to $85.56.
• Spotify Technology S.A. (NYSE:SPOT) climbed 8.6% to $196.07. Spotify CEO Daniel Ek announced significant organizational changes, including reducing the company's headcount by approximately 17%.
• Fluence Energy, Inc. (NASDAQ:FLNC) gained 7% to $27.57. Roth MKM upgraded Fluence Energy from Neutral to Buy and raised the price target from $27 to $31.
• IDEXX Laboratories, Inc. (NASDAQ:IDXX) gained 6.4% to $513.47.
• GameStop Corp. (NYSE:GME) climbed 6% to $16.19.
• MicroStrategy Incorporated (NASDAQ:MSTR) rose 6% to $558.56 amid a weekend surge in the price of Bitcoin.
• Coinbase Global, Inc. (NASDAQ:COIN) gained 5.5% to $141.14 amid a weekend surge in the price of Bitcoin.
• Uber Technologies, Inc. (NYSE:UBER) climbed 5% to $60.22 after an announcement that the company would join the S&P 500 index.

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