August 31, 2010

American Dairy announces sudden sales loss

American Dairy, which reported earnings on August 9, has posted a loss of US$0.92 on sales of $52 million, missing EPS estimates by $1.10 and missing revenues estimates by $9 million.

Since the company's report, share of American Dairy have fallen from $9.95 to $7.25, representing a loss of 27.14% over the past three weeks.

The stock has fallen 64.1% since the alert was issued.