Tag: $On Holding

Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street’s expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts.

On raised its full-year guidance for the third quarter in a row on Wednesday after the Swiss sportswear company posted another three months of double-digit growth, bucking a slowdown in the sneaker market.

On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam.

ON Semiconductor Corporation (NASDAQ:ON) reported lower second-quarter earnings on Monday, as weaker margins and slower revenue weighed on results, though management pointed to early signs of demand stabilization.

ON Semiconductor ON stock climbed in premarket trading Monday after first-quarter earnings and revenue surpassed analysts’ expectations.

Shares of On Holding were trading sharply lower after the Swiss sneaker company topped sales estimates but earnings were a bit light.