SodaStream International Ltd (SODA) Post Q3 Adj-EPS of $0.56, Raises FY11 Guidance
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SodaStream International Ltd (NASDAQ: SODA) reported Q3 adj-EPS of $0.56, which may not compare to the analyst estimate of $0.25. Revenue for the quarter came in at $78.4 million versus the consensus estimate of $54.5 million.
Based on third quarter results and current projections for the remainder of the year, the Company is raising its outlook. The Company now expects 2011 revenue to increase by approximately 36% as compared with 2010 revenue of Euro 160.7 million, up from its previous expectation of 30%. The Company now expects net income to increase by approximately 100% as compared with its net income of Euro 9.7 million reported in 2010, up from its previous expectation of 60%.
Based on third quarter results and current projections for the remainder of the year, the Company is raising its outlook. The Company now expects 2011 revenue to increase by approximately 36% as compared with 2010 revenue of Euro 160.7 million, up from its previous expectation of 30%. The Company now expects net income to increase by approximately 100% as compared with its net income of Euro 9.7 million reported in 2010, up from its previous expectation of 60%.
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