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Business

SodaStream shares losing their fizz

Shares of SodaStream International are losing their fizz before they even open for trading Monday morning.

Investors in the Israeli maker of home soda machines are pushing down shares of the $600 million company over 13 percent after it estimated third-quarter revenue would fall well short of Wall Street expectations.

Lower demand from US consumers is the reason, the company said.

“We are very disappointed in our recent performance,” Chief Executive Daniel Birnbaum said in a statement.

The company estimated revenue of about $125 million for the quarter ended Sept. 30 — while analysts were predicting $153.6 million.

Shares of SodaStream closed Monday at $27.57, down 4.6 percent. The shares are off 45 percent in 2014.