- Rent-A-Center Inc (NASDAQ: 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. (NASDAQ: 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) (NYSE: LXFR) dropped 15.2 percent to $9.81 after the company issued a weak earnings forecast for the third quarter.
- Alcoa Inc (NYSE: 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. (NYSE: 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) (NASDAQ: IPCI) shares dropped 7 percent to $2.64 after surging 19.33 percent on Monday.
- Lumentum Holdings Inc (NASDAQ: LITE) shares fell 6.7 percent to $41.51. Goldman Sachs downgraded Lumentum from Neutral to Sell.
- KBR, Inc. (NYSE: KBR) shares declined 6.5 percent to $15.21. Goldman Sachs downgraded KBR from Neutral to Sell.
- Seagate Technology PLC (NASDAQ: STX) dropped 6 percent to $35.68 after the company reported strong preliminary sales for the first quarter.
- Pacific Biosciences of California (NASDAQ: PACB) dropped 5.7 percent to $8.53 following Illumina warning.
- Msci Inc (NYSE: MSCI) shares fell 4 percent to $79.74. Evercore ISI Group downgraded MSCI from Hold to Sell.
- Summit Materials Inc (NYSE: SUM) shares declined 3 percent to $18.45. Goldman Sachs downgraded Summit Materials from Buy to Neutral.
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