SodaStream International , an Israeli maker of home soda machines, reported a sharp drop in quarterly profit, weighed down by a U.S. marketing campaign and other expenses. SodaStream, which is reportedly in talks to sell a stake in the company, said on Wednesday it earned 8 cents per diluted share, compared with 57 cents a year earlier.Revenue edged up 0.5 percent to $118.2 million, led by gains in Western Europe and Asia-Pacific, which offset a 28 percent drop in U.S. sales.The company was forecast to earn 1 cent a share on revenue of $118 million, according to Thomson Reuters I/B/E/S.Operating expenses grew to $59.5 million from $50.5 million.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $36.11. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 834300 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.36% or $0.14/share to $39.39. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 843721 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 774258.
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