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.
American Greetings Swings To Loss
December 23, 2008 at 18:15 PM EST