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SodaStream (SODA) Stock Rallies on Strong Q1 Results

NEW YORK (TheStreet) -- SodaStream (SODA - Get Report) stock is advancing 20.91% to $17.81 on heavy trading volume on Tuesday afternoon following the Israeli company's better-than-anticipated financial results for the 2016 first quarter, which were released before today's opening bell.

The home soda-making system manufacturer posted earnings of 40 cents per share for the three months ended March 31, while analysts had estimated earnings of 11 cents per share.

Revenue increased 9.6% year over year to $100.9 million for the quarter, beating revenue estimates of $89 million.

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