SodaStream International Ltd. said its first-quarter normalized net income came to 21 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.
EPS decreased 16.3% year over year from 25 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.4 million, a decrease of 15.8% from $5.2 million in the prior-year period.
The normalized profit margin declined to 4.3% from 5.8% in the year-earlier period.
Total revenue increased 11.7% on an annual basis to $100.9 million from $90.3 million, and total operating expenses increased 6.0% on an annual basis to $93.0 million from $87.7 million.
Reported net income totaled $6.1 million, or 29 cents per share, compared to $6.1 million, or 29 cents per share, in the prior-year period.