SodaStream Tumbles on Green Mountain Forecast: Israel Overnight
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SodaStream International Ltd. sank to the lowest level in 2012 as Green Mountain Coffee Roasters Inc., which trades in tandem with the Israeli company, reduced its earnings forecast and dropped a record 48 percent yesterday.
SodaStream, a maker of homemade soda machines, fell 1.8 percent in New York to the weakest since Dec. 19. Green Mountain, which makes single-cup coffee pods and brewers, cut its 2012 earnings per share outlook by at least 5.7 percent from earlier guidance. The Bloomberg Israel-US Equity Index of the most-traded Israeli companies in New York slid for a fourth day.