Tuesday, April 17, 2007

UPDATE 2-American Greetings posts loss, shares rise

(Reuters) - But the company issued a 2008 outlook that exceeded Wall Street expectations. Shares rose 4.6 percent in early trading.

The net loss for the quarter ended Feb. 28 totaled $12.2 million, or 22 cents a share, compared with a profit of $41.8 million, or 58 cents during the year-earlier quarter.


Read more at Reuters.com Market News

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