PLYMOUTH MEETING, Pa. (AP) _ CSS Industries Inc. (CSS) on Wednesday reported a loss of $18.5 million in its fiscal first quarter.

The Plymouth Meeting, Pennsylvania-based company said it had a loss of $2.03 per share. Losses, adjusted for one-time gains and costs, were $1.31 per share.

The maker of gift wrap, gift bags and greeting cards posted revenue of $64.1 million in the period.

CSS Industries shares have dropped 45 percent since the beginning of the year. The stock has declined 43 percent in the last 12 months.

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