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After-hours buzz: GPS, HON & more

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Check out which companies are making headlines after the bell on Thursday:

Shares of Gap jumped 6 percent after the bell Thursday, following the clothing retailer reporting a 2 percent decrease in net sales for the five-week period that ended Oct. 1. Gap's comparable sales for the month of September were down 3 percent, compared to a 1 percent decrease in 2015. The company estimated that a fire on its distribution campus in Fishkill, New York, likely hit its September sales by about 3 percentage points.

Honeywell shares fell 4 percent after the company updated its financial guidance for its third quarter. It now estimates earnings per share of $1.67, after estimates ranged between $1.67 and $1.72. The manufacturing company said the revised forecast was partly due to lower shipments in its aerospace division. It also reflects the separation of its former automation and control solutions business into two new reporting segments.

Theravance Biopharma saw its stock spike 10 percent in after-hours trading Thursday. The biopharmaceutical company announced new employment inducement awards for five new non-executive employees. The stock options were granted under the company's 2014 new employee equity incentive plan.

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