NEW YORK (TheStreet) -- Shares of SodaStream International Ltd. (SODA) - Get SodaStream International Ltd. Report are down by 3.19% to $21.22 in late morning trading on Wednesday, after the company reported that its net income for the 2014 third quarter declined to $9.5 million, or 45 cents per diluted share, compared to $16.4 million, or 76 cents per diluted share for the year ago period.
The company, which designs, develops, manufactures, and markets at home beverage carbonating systems, said revenue dropped to $125.9 million versus $144.6 million for the 2013 third quarter.
"As we previously announced, our third quarter performance was pressured by challenging selling conditions for soda makers and flavors primarily in the U.S.," said SodaStream CEO Daniel Birnbaum.
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 revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."
You can view the full analysis from the report here: SODA Ratings Report