* Q1 adj EPS $0.30, beats estimates
* Sees Q2 adj profit below estimates
* Shares fall 4 percent in extended trading
April 29 E-commerce services provider Digital River Inc DRIV.O reported better-than-expected quarterly earnings as it signed up new customers, but its weak second-quarter profit outlook sent its shares down 4 percent.
For the second quarter, the company forecast earnings of 5 cents a share, excluding items.
Digital River expects core revenue to rise 15 percent. It sees Symantec-related revenue of about $4.5 million.
Analysts were looking for earnings of 12 cents a share, excluding exceptional items, on revenue of $87 million, according to Thomson Reuters I/B/E/S.
First-quarter net income fell to $7 million, or 18 cents a share, from $13.3 million, or 36 cents a share, a year earlier. Excluding items, earnings were 30 cents a share.
Revenue fell 4 percent to $98.7 million.
Analysts expected earnings of 21 cents a share, excluding exceptional items, on revenue of $97.5 million.
Shares of Digital River -- whose customers include Symantec (SYMC.O), Adobe Systems Inc (ADBE.O), Eastman Kodak Co EK.N, Electronic Arts Inc ERTS.O and Microsoft Corp (MSFT.O) -- fell $1.38 to $29.90 in after-hours trading. They closed at $31.28 Thursday on Nasdaq. (Reporting by S. John Tilak in Bangalore; Editing by Ratul Ray Chaudhuri)