* Q1 EPS $0.25 vs est $0.31 * Q1 Sales fall 28 pct, miss
estimates * Sees Q2 rev exceeding $60 mln vs est $59.8 mln
* Shares fall 8 pct after market
May 10 American Dairy Inc ADY.N reported a 80
percent fall in quarterly profit, missing analysts'
expectations, hurt by a steep decline in sales of its core
product -- branded infant formula, sending its shares sliding 8
However, the company, which distributes premium infant
formula and milk powder in China, expects second-quarter
revenue to exceed $60 million, above analysts' expectations of
$59.8 million, according to Thomson Reuters I/B/E/S.
First-quarter net income fell to $5.5 million, or 25 cents
a share, from $27.8 million, or $1.55 a share, a year ago.
Revenue fell 28 percent to $81.4 million.
Analysts on average had expected a profit of 31 cents a
share on revenue of $81.2 million for the period.
Revenue from branded infant formula products, which
represented about 80 percent of sales, fell nearly 40 percent
to $64.8 million during the first quarter.
Shares of the company were down 8 percent at $16.06 in
extended trade. They closed at $17.38 Monday on the New York
(Reporting by Viraj Nair in Bangalore; Editing by Jarshad
Kakkrakandy) ((email@example.com; within U.S. +1
646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: