SodaStream Q1 Profit Drops, Beats View; Backs FY14 Outlook - Quick Facts

(RTTNews) - SodaStream International Ltd. (SODA), a manufacturer of home beverage carbonation systems, Wednesday reported a drop in its first-quarter net income to $1.8 million or $0.08 per share from $12.1 million or $0.57 per share in the first quarter of 2013.

On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.01 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the quarter, however, slightly rose to $118.2 million from $117.6 million last year. Analysts estimated revenues of $117.96 million for the quarter.

For the full year 2014, the firm continues to expect its net income to increase nearly 3 percent year-over-year on 15 percent revenue growth. Analysts estimate annual earnings of $1.92 per share on revenues of $639.25 million.