12 Biggest Mid-Day Losers For Tuesday - Alcoa (NYSE:AA), Aarons (NYSE:AAN)

Rent-A-Center Inc RCII shares declined 28.8 percent to $9.16. Rent-A-Center warned that its profit for the third quarter would fall short of expectations. The company expects both GAAP and adjusted EPS between $0.05 and $0.15 for the third quarter. This is significantly lower than the Street estimate of $0.39.
Illumina, Inc. ILMN shares dropped 25.2 percent to $138.30 after the company preannounced Q3 revenues short of estimates. The company’s Q4 revenue projection also came in short of estimates.
Luxfer Holdings PLC (ADR) LXFR dropped 15.2 percent to $9.81 after the company issued a weak earnings forecast for the third quarter.
Alcoa Inc AA shares slipped 10 percent to $28.37 after the company reported Q3 results. Alcoa posted Q3 adjusted earnings of $0.32 per share on sales of $5.2 billion.
Aaron's, Inc. AAN shares declined 10 percent to $23.05. Aaron's is expected to report Q3 financial results on October 28, 2016.
IntelliPharmaCeutics Intl Inc (USA) IPCI shares dropped 7 percent to $2.64 after surging 19.33 percent on Monday.
Lumentum Holdings Inc LITE shares fell 6.7 percent to $41.51. Goldman Sachs downgraded Lumentum from Neutral to Sell.
KBR, Inc. KBR shares declined 6.5 percent to $15.21. Goldman Sachs downgraded KBR from Neutral to Sell.
Seagate Technology PLC STX dropped 6 percent to $35.68 after the company reported strong preliminary sales for the first quarter.
Pacific Biosciences of California PACB dropped 5.7 percent to $8.53 following Illumina warning.
Msci Inc MSCI shares fell 4 percent to $79.74. Evercore ISI Group downgraded MSCI from Hold to Sell.
Summit Materials Inc SUM shares declined 3 percent to $18.45. Goldman Sachs downgraded Summit Materials from Buy to Neutral.

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