Innovative Solutions & Support Inc (NASDAQ:ISSC) announced that Delta Air Lines (NYSE:DAL) had terminated its contract with it. The company was expected to perform cockpit upgrade in Delta’s MD88 and MD90 jets. That contract was reported as worth about $62 million in the June 30, 2014 backlog. ISSC said it would still pursue stalks with DAL concerning the contract. The news about the loss of the contract was responsible for the nearly 45% downfall of the stock of ISSC.
For Sodastream International Ltd (NASDAQ:SODA), the U.S. is a key market but also a challenging one. The company highlighted the U.S. as the region that underperformed in its 3Q, whose results will be released on October 29. The company issued preliminary results for the quarter in which sales declined YoY and also likely to miss the estimates. SODA said it expects to report revenue of about $125 million for the quarter, down from $144.6 million in the like quarter a year ago. That will also fall short of $153.6 million that analysts estimated for the quarter, according to the data supplied by FactSet. Sodastream International Ltd (NASDAQ:SODA) noted that its problem in the U.S. was that it did not win new customers in the market. However, it has done well in retaining its existing customers in the market. To reboot sales in the U.S. the company intends to tailor its ad campaigns in such a manner that they appeal to the health and wellness aspects of its products.
IFM Investments Limited (ADR) (NYSE:CTC)’s franchise, Century 21 China, entered into an agreement with SounFun Holdings (NYSE:SFUN). The agreement captures various business aspects that are beneficial to all the parties. The companies will cooperate in areas such as listing services, e-commerce, advertising, real estate financing and more. Additionally, SFUN will take a stake of 20% in the outstanding shares of Century 21 China. The agreement is expected to elevate the performance of Century 21 China and CTC for that matter, which is why shares of the latter attained almost 50% gain.