Ub News

U.S. stock market recovered from losses caused by China’s inflation data and an underwhelming U.S. unemployment claims report to trade positive for the day. The Dow Jones Industrial Average rose 29 points to 10596, the Standard & Poor’s 500 jumped 3.9 points to 1150 and the Nasdaq Composite climbed 7.8 point to 2367.

The Men’s Wearhouse, Inc (NYSE:MW, $23.80, -$1.03, -4.15%) fell after reported net loss of $18.9 million, or 36 cents a share, compared with a profit of $1.5 million, or 3 cents a share, a year earlier.

Shares of Jackson Hewitt Tax Services (NYSE:JTX, $2.27, -$0.21, -8.67%) were down after posted lower-than-expected quarterly profit. Adjusted quarterly earnings fell 38 percent to $13.1 million, or 46 cents per share, from $21 million, or 74 cents per share, the prior year. Analysts polled by Thomson Reuters had been expecting quarterly profit of 48 cents per share.

FuelCell Energy (NASDAQ:FCEL, $3.27, +$0.32, 10.85%) reported late Wednesday it won a $2.1 million contract for fuel cells to be incorporated into Air Products’ (APD) renewable hydrogen fueling station in California.

Biotechnology company Abraxis BioScience (NASDAQ:ABII, $37.24, +$1.86, 5.26%) reported gGross profit for the fourth quarter of 2009 was $84.5 million, or 81 percent of net revenue, compared with $82.8 million, or 90 percent of net revenue, for the fourth quarter of 2008.

Gymboree Corp’s (NASDAQ:GYMB, $51.62, +$5.33, 11.51%) quarterly profit topped market estimates by a penny. For the first quarter, the company expects to earn between 90 cents a share to 94 cents a share, while analysts, on average, were looking at 90 cents a share, according to Thomson Reuters.

China Sunergy Co. Ltd. (NASDAQ:CSUN, $4.11, -$0.17, -3.97%), solar cell manufacturer reported fourth-quarter loss on Thursday. China Sunergy reported a fourth-quarter loss of $3.5 million, or 9 cents per American depositary share (ADS), compared with a loss of $26.8 million, or 67 cents per ADS, last year.

On Wednesday, Diagnostic and laboratory services company Clarient Inc. (NASDAQ:CLRT, $2.36, -$0.13, -5.22%) said its fourth-quarter loss widened slightly on higher operating expenses. Net loss for the fourth quarter of $2.69 million or $0.03 per share, compared to a loss of $2.22 million or $0.03 per share in the year-ago quarter. Net revenues for the quarter increased to $23.3 million from $21.9 million in the prior-year quarter.

Fragrance maker Inter Parfums Inc (NASDAQ:IPAR, ) posted an adjusted fourth-quarter profit that topped Wall Street expectations, s fourth-quarter net income attributable to company increased to $5.45 million from $5.10 million prior year. Net income per share attributable to shareholders was $0.18 compared to $0.17 last year.