SodaStream International Ltd. rose the most in three weeks on bets the Israeli producer of homemade soda machines will repeat the earnings surprise of consumer products companies such as Green Mountain Coffee Roasters Inc.
SodaStream International Ltd., a maker of machines that carbonate tap water, rose after saying it would team with Kraft Foods Inc. to offer fizzy versions of beverages including Crystal Light and Country Time lemonade.
Colgate-Palmolive Co., the world’s largest toothpaste maker, fell the most in almost six years after sales missed analysts’ estimates and the company said Venezuela’s currency devaluation would further cut 2010 profit.
SodaStream International Ltd. Chief Executive Officer Daniel Birnbaum said his company will benefit from slowing U.S. economic growth and advised investors not to expect changes in profit guidance even as the stock sank 34 percent.
SodaStream International Ltd. plans to bring its do-it-yourself soda machines to U.S. drugstores and supermarkets in 2014 as the Israeli company looks to expand sales and household usage in the world’s No. 1 beverage market.