SodaStream (SODA) Jumps Higher on Strong Q1 Results
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Shares of SodaStream International Ltd. (Nasdaq: SODA) are up 6 percent in pre-open trading Wednesday following blow-out quarterly results from the maker of home beverage carbonation systems.
SodaStream reported Q1 EPS of $0.38, $0.23 better than the analyst estimate of $0.15. Revenue for the quarter came in at $64 million versus the consensus estimate of $41.54 million. The company also increased their FY11 revs growth expectations from 25 percent to 30 percent, and net income from 40 percent to 60 percent of growth.
SodaStream reported Q1 EPS of $0.38, $0.23 better than the analyst estimate of $0.15. Revenue for the quarter came in at $64 million versus the consensus estimate of $41.54 million. The company also increased their FY11 revs growth expectations from 25 percent to 30 percent, and net income from 40 percent to 60 percent of growth.
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