On Holding Q3 Adj EPS $0.23 Beats $0.16 Estimate, Sales $543.20M Beat $515.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
On Holding (NYSE:ONON) exceeded Q3 earnings and sales estimates, with an adjusted EPS of $0.23 beating the $0.16 estimate and sales of $543.20M surpassing the $515.37M estimate. This represents a significant increase from the previous year's figures, with earnings up 222.86% and sales up 59.96%.
November 14, 2023 | 10:03 am
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POSITIVE IMPACT
On Holding reported strong Q3 results, with adjusted EPS and sales figures surpassing analyst estimates and showing substantial growth compared to last year.
On Holding's significant beat on both earnings and sales estimates, coupled with the substantial year-over-year growth, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The magnitude of the beat and the growth percentages are strong indicators of the company's performance and may attract more investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100