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Sodtream International profit beats consensusin Q1

SodaStream International Ltd. said its first-quarter normalized net income was 25 cents per share, compared with the S&P Capital IQ consensus estimate of 3 cents per share.

EPS rose year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.2 million, a gain from $1.3 million in the year-earlier period.

The normalized profit margin climbed to 5.8% from 1.1% in the year-earlier period.

Total revenue decreased 23.5% year over year to $90.3 million from $118.2 million, and total operating expenses decreased 24.3% on an annual basis to $87.7 million from $115.8 million.

Reported net income grew year over year to $6.1 million, or 29 cents per share, from $1.7 million, or 8 cents per share.