Brazil's Bolsonaro says market reaction was exaggerated on Petrobras shakeup

Aaron’s Gourmet Recalls Smoked Fish Products

Aaron’s Gourmet Smoked Fish is recalling all smoked fish products citing the lack of licensure and regulatory oversight by the state agency, the U.S. Food and Drug Administration said.

The company recalled the products with the knowledge of the Oregon Department of Agriculture.

The affected products are packaged in both glass jars and vacuum-packed plastic bags, and were distributed to Growers Outlet and Berry Good PDX in Portland, Oregon.

The agency said it is not aware of any reported cases of illness related to these products.

Consumers who have purchased these products are urged to throw away them or return to the place of purchase for a full refund

In recent recalls involving fish, Wadena, Minnesota-based Russ Davis Wholesale earlier this week called back certain Kowalski’s brand Buffalo Cauliflower Bites with Kowalski’s Steakhouse Blue Dressing 22 oz for undeclared fish (Anchovies), a known allergen.

Litehouse Inc. also recalled a limited quantity of its Brite Harbor Caesar Dressing & Dip 1.5 oz pillows for undeclared fish.

Dole Fresh Vegetables, Inc. in late January recalled Dole Endless Summer Salad Kit for undeclared allergens- fish and egg.

Universal Health Services, Inc. Q4 adjusted earnings Beat Estimates

Universal Health Services, Inc. (UHS) announced earnings for its fourth quarter that rose from last year.

The company’s profit totaled $308.71 million, or $3.60 per share. This compares with $245.18 million, or $2.79 per share, in last year’s fourth quarter.

Excluding items, Universal Health Services, Inc. reported adjusted earnings of $307.86 million or $3.59 per share for the period.

Analysts had expected the company to earn $2.78 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 6.6% to $3.09 billion from $2.90 billion last year.

Universal Health Services, Inc. earnings at a glance:

-Analysts Estimate: $2.78
-Revenue (Q4): $3.09 Bln vs. $2.90 Bln last year.

NRF Sees Retail Sales Rising 6.5%-8.2% As More People Get Vaccinated

The National Retail Federation on Thursday issued a forecast that sees retail sales increasing in 2021 as more people get vaccinated for the coronavirus and the economy reopens.

The NRF anticipates retail sales to grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021.

Online sales, which are included in the total, are expected to grow between 18 and 23 percent, to between $1.14 trillion and $1.19 trillion, according to the NRF.

“Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine will generate increased economic growth, retail sales and consumer spending,” said NRF President and CEO Matthew Shay.

The NRF expects the overall economy to gain between 220,000 and 300,000 jobs per month in 2021, depending on the pace of the overall economy in the second and third quarters.

AT&T, TPG to form new company for U.S. video unit

FILE PHOTO: The company logo for AT&T is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid

(Reuters) – Private equity firm TPG Capital and AT&T Inc said on Thursday they will form a new company, DIRECTV, to operate U.S. video business unit.

EOG Resources Q4 adjusted earnings Beat Estimates

EOG Resources (EOG) reported a profit for fourth quarter that fell from last year.

The company’s earnings totaled $337.47 million, or $0.58 per share. This compares with $636.52 million, or $1.10 per share, in last year’s fourth quarter.

Excluding items, EOG Resources reported adjusted earnings of $411.49 million or $0.71 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 31.2% to $2.97 billion from $4.32 billion last year.

EOG Resources earnings at a glance:

-Earnings (Q4): $411.49 Mln. vs. $786.89 Mln. last year.
-EPS (Q4): $0.71 vs. $1.35 last year.
-Analysts Estimate: $0.35
-Revenue (Q4): $2.97 Bln vs. $4.32 Bln last year.

Endo International plc Q4 adjusted earnings of $0.75 per share

Below are the earnings highlights for Endo International plc (ENDP):

-Earnings: $119.34 million in Q4 vs. -$218.64 million in the same period last year.
-EPS: $0.51 in Q4 vs. -$0.96 in the same period last year.
-Excluding items, Endo International plc reported adjusted earnings of $175.99 million or $0.75 per share for the period.
-Revenue: $760.22 million in Q4 vs. $764.80 million in the same period last year.

EARNINGS SUMMARY: Details of First Solar, Inc. Q4 Earnings Report

Below are the earnings highlights for First Solar, Inc. (FSLR):

-Earnings: $115.70 million in Q4 vs. -$59.41 million in the same period last year.
-EPS: $1.08 in Q4 vs. -$0.56 in the same period last year.
-Revenue: $0.61 billion in Q4 vs. $1.40 billion in the same period last year.

Brazil's Bolsonaro says market reaction was exaggerated on Petrobras shakeup

BRASILIA, Feb 25 (Reuters) – Brazil’s President Jair Bolsonaro said on Thursday there was an “exaggeration” in the market reaction to his announcement that he was replacing the chief executive of state-controlled oil company Petrobras .

He said in a social media talk to supporters: “A lot of people made money. The smart guys made money.”

Petrobras shares plunged and the company lost 100 billion reais ($18 billion) in market value in two days after he announced the move on Friday in a social media post.