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Sodastream International Ltd (NASDAQ: SODA) stocks were halted before the market open Tuesday after negative preliminary earnings results were reported.
The company’s revenue is hovering around $125 million, almost 20 percent less than the Capital IQ estimate of $153 million.
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Financial pundits took to Twitter with their varied reactions.
There were quite a few comparisons to what happened when GT Advanced Technologies Inc (NASDAQ: GTAT) announced bankruptcy on Monday:
In case there wasnt enough post facto causal attribution or rubberneck post-mortem with $GTAT yesterday, here's $SODA pic.twitter.com/Ij8B6mC4ZW
— Andrew Kassen (@andrewunknown) October 7, 2014 Perhaps $SODA will declare an emergency surprise bankruptcy too, just like $GTAT. One can only hope of such things
— The_Real_Fly (@The_Real_Fly) October 7, 2014 What if $SODA is next $GTAT? They have already been rumored with $KO $PEP $SBUX .... who is left? How will mkt react?
— Greg Harmon, CMT (@harmongreg) October 7, 2014FREE REPORT: How To Learn Options Trading Fast
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Many had a pessimistic view on Sodastream:
No $SODA takeover. But awful sales guidance. I don't think this stock will "pop" once it resumes trading.
— Paul R. La Monica (@LaMonicaBuzz) October 7, 2014
Congrats to @AlderLaneeggs for the right call: $SODA a disaster.
— Herb Greenberg (@herbgreenberg) October 7, 2014 No one drinks $SODA anymore. This isn't 1991
— The_Real_Fly (@The_Real_Fly) October 7, 2014 $SODA getting smoked this morning, no position on
— KeeneOnTheMarket.com (@KeeneOnMarket) October 7, 2014But others were somewhat optimistic:
this sodastream getting crushed is so nice. Look at this thing: $SODA pic.twitter.com/uZgu2AhqEC
— J.C. Parets (@allstarcharts) October 7, 2014
can't wait to see the breakdown of the $SODA miss. if the intl biz held up, there's more digging to do here.
— Aron Pinson (@MicroFundy) October 7, 2014
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.