Kansas City, reported a loss in its second quarter of $10.5 million, or 18 cents a share, after posting a net profit $3.2 million, or 5 cents a year ago. Revenue fell to $360.1 million from $385 million. Analysts surveyed by Thomson Financial expected a loss of 16 cents a share. For the first half, American Greetings earned $4.9 million, or 8 cents, on sales of $766.6 million, compared with a profit of $29.7 million, or 41 cents, on sales of $824.4 million, a year ago.
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