SodaStream (SODA) Surges On Q3 'Beat and Raise'
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SodaStream International Ltd. (Nasdaq: SODA) is trading up 11 percent in pre-open trading following a "beat and raise" Q3.
The company reported Q3 adj-EPS of $0.56, versus 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%.
The company reported Q3 adj-EPS of $0.56, versus 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%.
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