x min read

Markets Watch: Sodastream International Ltd (NASDAQ:SODA), Integrated Silicon Solution, Inc. (NASDAQ:ISSI), Compugen Ltd. (USA) (NASDAQ:CGEN)

Markets Watch: Sodastream International Ltd (NASDAQ:SODA), Integrated Silicon Solution, Inc. (NASDAQ:ISSI), Compugen Ltd. (USA) (NASDAQ:CGEN)
Written by
Joel Najarian
Published on
October 29, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

Sodastream International Ltd (NASDAQ:SODA), the maker of home beverage carbonation systems outlined a plan to kick-start growth as Q3 results came in above expectations and it reduced full-year guidance. Net income was $9.5 million compared to $16.4 million in the third quarter 2013, while GAAP earnings per share fell to $0.45, compared to $0.76 in the third quarter 2013. Analysts had been looking for $0.35 on a GAAP basis. Revenue was $125.9 million compared to $144.6 million a year ago, short of the $128 million analysts had expected. Sodastream International Ltd (NASDAQ:SODA) said it plans to refocus its business around the fast-growing health and wellness segment and has upgraded its product design and packaging. It also plans to consolidate manufacturing facilities in Israel, resulting in a one-time cost of $20 million.SodaStream said the shutdown of two of its factories will lead to a 200 basis point margin improvement from 2016. The company now expects full year 2014 revenue to decrease approximately 9% to about $557 over 2013 revenue of $562.7 million. Analysts were looking for $553 million. In its Q2 results, SodaStream had forecast a 5% gain in revenue this year. The company expects full year 2014 net income to decrease approximately 42% over 2013 net income of $42.0 million. It prior forecast was for a 5% drop in net earnings. The shares recently traded at $21.50 with a 52-week range of $20.13 - $64.00.Integrated Silicon Solution, Inc. (NASDAQ:ISSI) reported that for Q4 ended Sept. 30, 2014, earnings were better than expected while revenue matched analysts' expectations. The fabless semiconductor company posted Q4 GAAP net income was $2.8 million or $0.09 per diluted share, compared with the prior-year period's $4.7 million, or $0.15 per share. Non-GAAP net income was $5.8 million or $0.18 per share, versus $6.1 million, or $0.20 per diluted share in the same quarter the previous year. Revenue was $84.2 million, up from $78.4million in the same quarter last year.Analysts polled by Capital IQ were expecting EPS of $0.15 on revenues of $84.02 million. For Q1, Integrated Silicon Solution, Inc. (NASDAQ:ISSI) expects revenue of $80 to $85 million, vs. the Street consensus of $84.8 million. EPS is seen at $0.18 to $0.22, vs. expectations of $0.23 per share. Shares are trading with a 52-week range of $10.52 - $15.95.Compugen Ltd. (USA) (NASDAQ:CGEN), a pharmaceutical company focused on oncology and immunology, announced a Q3 loss per share in line with estimates and revenues that fell short of expectations. Compugen Ltd. (USA) (NASDAQ:CGEN) reported a Q3 loss per share of $0.11, narrower than the loss of $0.12 reported in the same period last year and in line with the loss of $0.11 expected by analysts. Total revenues of $1.71 million were up from $1.59 million in Q3 2013 but missed analyst projections of $1.85 million. Shares of CGEN are at $8.12 within a 52-week range of $7.20 - $14.32.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.