--> SODA - flattish pre open on almost no volume
SodaStream beats by $0.25, misses on revs
- Reports Q3 (Sep) adj. earnings of $0.45 per share, $0.25 better than the Capital IQ Consensus of $0.20 (GAAP EPS $0.11); revenues fell 12.6% year/year to $110 mln vs the $111.6 mln Capital IQ Consensus. The decrease in revenue year-over-year was mainly due to changes in foreign currency exchange rates which reduced revenue by $16.0 million.
- Gross margin for the third quarter 2015 (before the impact of restructuring costs) was 48.4% compared to 51.2% for the same period in 2014. Third quarter 2015 gross margin was negatively impacted by changes in foreign currency exchange rates vs. the same period last year, partially offset by higher share of CO2 refills in the product mix.