American Greetings Swings To Loss

December 23, 2008 3:15 PM |
American Greetings Corp. (NYSE: AM) swung to a third quarter loss of $4.25 per share compared with income of 52 cents per share in the year ago period due to significant charges and lower revenue amidst a slumping economy.  Shares of the greeting card company plummeted $3.42 to close at $6.40.

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