On Holding: Q3 Earnings Snapshot
ZURICH (AP) — ZURICH (AP) — On Holding AG (ONON) on Tuesday reported third-quarter profit of $59.2 million.
ZURICH (AP) — ZURICH (AP) — On Holding AG (ONON) on Tuesday reported third-quarter profit of $59.2 million.
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On a per-share basis, the Zurich-based company said it had net income of 20 cents. Earnings, adjusted for stock option expense, came to 22 cents per share.
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The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The running-shoe and apparel company posted revenue of $543.8 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $518 million.
On Holding expects full-year revenue of $2.03 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONON at https://www.zacks.com/ap/ONON