Sodastream Up 23% on Strong Q1 Earnings

Sodastream

is trading higher on the session followings its Q1 earnings announcement. The company reported an EPS of $0.55 vs $0.36 estimates and revenues $87.9 million vs $56.78 million estimates. SODA also raised its 2012 outlook. Daniel Birnbaum, Chief Executive Officer of SodaStream stated: "We delivered a very strong start to the fiscal year. First quarter results validate our strategies to profitably expand our business on a global scale. Going forward we'll increase our investment in brand building initiatives, new product development and capacity to support growing demand. We are committed to maintaining financial discipline to generate greater earnings power and return increased value to our shareholders over the longer term." Sodastream is currently trading at $35.96, a gain of $6.77 or 23.19%.