Why Shares of On Holding Were Falling Today
On missed top-line estimates and cut sales guidance for the year.
Overview
Shares of On Holding (NYSE: ONON), the fast-growing eponymous running shoe and athletic apparel brand, were pulling back today after the Swiss company missed revenue estimates in its second-quarter earnings report as its wholesale business slowed.
As of 11:30 a.m. ET, the stock was down 18.6%.
Image source: On Holding.
Details
Source
Originally published at www.fool.com.
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