On Holding Q2 2024 Adj. EPS $0.15 Misses $0.16 Estimate, Sales $627.683M Beat $561.038M Estimate
Portfolio Pulse from Benzinga Newsdesk
On Holding (NYSE:ONON) reported Q2 2024 adjusted EPS of $0.15, missing the $0.16 estimate, but achieved sales of $627.683 million, surpassing the $561.038 million estimate and marking a 27.04% increase from the previous year.
August 13, 2024 | 9:46 am
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On Holding (NYSE:ONON) reported Q2 2024 adjusted EPS of $0.15, missing the $0.16 estimate by 6.25%. However, the company achieved sales of $627.683 million, surpassing the $561.038 million estimate by 11.88% and marking a 27.04% increase from the previous year.
Despite missing EPS estimates by a small margin, On Holding's significant sales beat and strong year-over-year growth are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100