Earnings Roundup: NaviSite, Staples

Among the earnings stories for Tuesday, March 4, from AP Financial News:

ANDOVER, Mass. (AP) _ NaviSite Inc., a provider of outsourced Web and e-commerce services, on Tuesday posted a smaller loss for its fiscal second quarter as new customers helped boost revenue and bookings.

BOSTON (AP) _ While Staples Inc. is weathering the economic downturn better than rival Office Depot Inc., the world's largest office products supplier sees no quick turnaround from sagging U.S. customer demand.

ISELIN, N.J. (AP) _ Intimate apparel maker Maidenform Brands Inc. said Tuesday its fourth-quarter profit jumped 97 percent on strong sales to national store chains, department stores and mass merchants.

AUSTIN, Texas (AP) _ Golfsmith International Holdings Inc., which sells golf gear, said Tuesday it posted a wider fourth-quarter loss, hurt by lower demand for golf products amid a difficult retail environment.

WATERTOWN, Mass. (AP) _ Biotechnology company Panacos Pharmaceuticals Inc. reported a larger fourth-quarter loss on Tuesday due to interest expenses, but still beat Wall Street expectations, boosting shares in aftermarket trading.

NEW YORK (AP) _ Shoe maker Kenneth Cole Productions Inc. on Tuesday said it swung to a fourth-quarter loss, hurt by an impairment charge, but adjusted results beat analyst expectations.

DALLAS (AP) _ Heelys Inc., which makes wheeled shoes for children, said Tuesday it swung to a loss in its fourth quarter due to a big drop in sales, more returns and higher markdowns.

GRAND RAPIDS, Mich. (AP) _ Shares of X-Rite Inc. fell to a new year-low after the color measurement technology company said it swung to a fourth-quarter loss on acquisition and other costs.

NEW YORK (AP) _ Shares of TurboChef Technologies Inc. sank to a new low Tuesday after the maker of high-speed ovens said its loss widened in the fourth quarter due to higher costs.

VALENCIA, Calif. (AP) _ MannKind Corp., which is conducting advanced tests for a diabetes treatment, said Tuesday its fourth-quarter loss increased as expenses rose.