PLYMOUTH MEETING, Pa. (AP) _ CSS Industries Inc. (CSS) on Thursday reported a loss of $14.2 million in its fiscal first quarter.
On a per-share basis, the Plymouth Meeting, Pennsylvania-based company said it had a loss of $1.61. Losses, adjusted for one-time gains and costs, were $1.36 per share.
The maker of gift wrap, gift bags and greeting cards posted revenue of $57.5 million in the period.
CSS Industries shares have decreased 44% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.04, a decrease of 67% in the last 12 months.