SodaStream (SODA) Stock Closed Up Despite Earnings, Revenue Miss

SodaStream (SODA) stock closed higher in trading on Wednesday, following the company's 2015 third quarter earnings results released before the market open.
By Rachel Graf ,

NEW YORK (TheStreet) -- SodaStream (SODA) - Get Report stock gained by 5.33% to $16.61 at the close of trading on Wednesday, after the company reported its 2015 third quarter earnings results before the market open today.

The sparkling water company posted adjusted earnings of 22 cents per share for the most recent quarter, down from 45 cents per share for the third quarter of 2014.

Revenue was $110 million for the quarter, lower by 13% from $125.9 million for the year ago period. Restructuring costs of $2 million and currency headwinds pressured revenue, according to the Wall Street Journal. 

Analysts surveyed by Thomson Reuters had forecast for earnings of 21 cents per share on $112 million in revenue.

"Our operating results were similar to the year ago period on a constant currency basis as the growth plan we announced a year ago continues to gain traction," CEO Daniel Birnbaum said in a statement. 

Separately, TheStreet Ratings team rates SODASTREAM INTERNATIONAL LTD as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

We rate SODASTREAM INTERNATIONAL LTD (SODA) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: SODA

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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