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Home / Business / LATAM, Micron, Las Vegas Sands and more

LATAM, Micron, Las Vegas Sands and more



Passengers seen aboard a LATAM Airlines Airbus 320 at Puerto Maldonado Airport also known as Padre Aldamiz International Airport.

John Milner | LightRocket | Getty Images

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LATAM Airlines shares skyrocketed more than 47% after the clock following a CNBC report that Delta Airlines plans to buy a 20% stake to the value of 1 , $ 9 billion in Latin America's largest airline.

Meanwhile, Brazilian airline GOL's shares tanked nearly 1

1% after Delta said it would also abandon its minority stake in GOL, which competes with LATAM in the region.

Micron shares slipped as much as 7.75% during extended trading after the company reported mixed guidance in the first quarter, expecting adjusted earnings per share of between 39 cents and 52 cents with sales of between 4.8 and 5.2 billion dollars. Analysts expected future quarterly earnings of $ 48 per share and revenue of $ 4.76 billion, according to Consensus Consensus Estimates.

Micron shares slipped despite a strong fourth-quarter earnings slump, reporting $ 56 a share on revenue of $ 4.87 billion, while Wall Street expected $ 49 cents per share of $ 4, $ 57 billion in revenue.

Micron also said that Huawei's sales "were down meaningfully" from expected levels before Huawei was added to the US unit list, effectively preventing the Shenzen-based company from doing business with US companies.

Other chip makers also saw their shares dip following the mixed quarterly guidance. Applied Materials, NVIDIA and Western Digital saw the shares at 3.3%, 1.5% and 3% respectively.

Vail Resorts shares jumped 3% after the company posted higher earnings than the fourth quarter. The Mountain Resort reported a loss of $ 2.22 per share and revenue of $ 301 million, while Wall Street anticipated a loss of $ 2.53 per share and revenue of $ 240 million, according to Consensus Consensus Estimates.

Shares of Las Vegas Sands climbed 4.96% following an announcement that the casino and resort will join the S&P 500 and replace Nektar Therapeutics. The biopharmaceutical company's shares rose by 2.22% as the company replaces Sotheby's in the S&P MidCap 400. Nectar's shares are down about 47% so far this year.


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