American Greetings said cash flow from operating activities may exceed $125 million for fiscal 2010. It had estimated $70 million.
(Tony Dejak/Associated Press/File 2007)
MARKET MOVERS
American Greetings rings up a big gain
American Greetings said cash flow from operating activities may exceed $125 million for fiscal 2010. It had estimated $70 million.
(Tony Dejak/Associated Press/File 2007)
American Greetings Corp. surged yesterday, as the second-largest US maker of greeting cards posted profit, excluding some items, of 40 cents a share in the second quarter, more than six times the average analyst estimate. The Cleveland company also boosted its full-year cash-flow forecast. Decreases in production costs and other expenses helped offset a 7.6 percent sales decline.
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