UPDATE 2-American Greetings posts Q4 loss on charges

* Q4 loss/shr $1.13 vs profit $0.31 last year

* Revenue falls 14 pct to $422.5 mln

* Sees FY capex of about $35 mln-$45 mln

* Shares fall 13 pct

(Recasts; adds conference call details, share movement)

April 28 (Reuters) - American Greetings Corp (AM.N: Quote, Profile, Research) posted a fourth-quarter loss, hurt mainly by non-cash goodwill impairment charges, and said it expects net revenue to decline in the current financial year, sending its shares down 13 percent.

The revenue decline will be driven primarily by continued weakness in non-card product lines, particularly gift packaging, Chief Executive Zev Weiss said on a conference call with analysts.

Excluding the recent acquisitions of Recycled Paper Greetings Inc and the Papyrus brand of Schurman Fine Papers, the company expects a decline in net revenue of about 5 percent this year. However, American Greetings, the second-largest U.S. greeting-card maker behind Hallmark Cards, expects margins to improve, helped by cost reduction efforts. It cut about 275 jobs in December.

Long-term debt of the company rose by about $169 million to $389.5 million. The company said it is in compliance with its debt covenants.