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.

Now Read This: Over $2M Bet On This Industrial Stock? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying