Stock market abnormal | Q3 performance exceeds expectations, ONON.US soars more than 22%

According to the News, on Wednesday, On Tuesday (ONON.US) opened up more than 22%, reaching $42.84. The company's third-quarter financial report shows a net sales of 7.944 billion Swiss francs, exceeding market estimates of 7.675 billion Swiss francs and FactSet's estimate of 7.63 billion Swiss francs, demonstrating strong growth in the sportswear business. Adjusted earnings per share were 0.43 Swiss francs, higher than FactSet's expected 0.27 Swiss francs, reflecting improved profitability. In addition, the company raised its net sales forecast for fiscal year 2025 to 29.8 billion Swiss francs, a year-on-year increase of 34%, higher than analysts' expectations of 29.7 billion Swiss francs, highlighting long-term growth prospects.