4 After-Hours Movers: HP Inc, RSP Permian, Aerohive And Under Armour

U.S. stocks traded lower Thursday, driven by a decline in financial stocks, which followed weak economic data out of China.

After the market closed, HP Inc HPQ issued its outlook for fiscal 2017, guiding for EPS of $1.55 to $1.65, mostly below the Street’s consensus of $1.64. Management also announced a 7 percent surge in the stock’s dividend and an additional $3 million share repurchase program.

In a separate filing, the company said it would be implementing a restructuring plan that would likely result in the firing of 3,000 to 4,000 employees, annual savings of $200 million to $300 million, and a charge of $350 million to $500 million. Shares fell about 1.8 percent after-hours.

RSP Permian Inc RSPP slipped almost 5.9 percent after the company said it would acquire Silver Hill Energy Partners and Silver Hill E&P II for approximately $2.4 billion – $1.25 billion in cash and 31 million shares of its common stock. In addition, management announced an offering of 20 million shares of common stock.

Under Armour Inc UA traded up 1.44 percent following an upgrade from Piper Jaffray, which promoted the stock from Neutral to Overweight, hiking its price target from $40 to $44.

Aerohive Networks Inc HIVE was down more than 16.5 percent after the market closed on the pre-announcement of its Q3 results. The company said it expects a net loss of $(0.06) to $(0.07) per share, versus consensus at $(0.04) per share. Revenue guidance of $40 million also fell short of expectations for almost $48 million.