Brazilian airline
's shares, meanwhile, tanked nearly 11% after Delta said it would also exit its minority stake in GOL, which competes with LATAM in the region.slid as much as 7.75% during extended trade after the company reported mixed first-quarter guidance, expecting adjusted earnings per share between 39 cents and 52 cents with revenue between $4.8 billion and $5.2 billion. Analysts were expecting future quarterly earnings of 48 cents per share and revenue of $4.
Micron's shares slipped despite a strong fourth-quarter earnings beat, reporting earnings of 56 cents per share on revenue of $4.87 billion, while Wall Street had expected earnings of 49 cents per share on $4.57 billion in revenue. Micron also said that its sales to Huawei "were down meaningfully" from anticipated levels prior to the Shenzen-based company being added to to the U.S. Entity List, which effectively prevents its ability to do business with American companies.
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