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On Holding shares jump after sales beat, guidance ahead of expectations

On Holding shares jump after sales beat, guidance ahead of expectations

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On Holding AG ONON, +3.82% shares jumped 7.6% in Friday premarket trading after it reported fourth-quarter sales that beat expectations and gave upbeat sales guidance. The running shoe company, which is backed by tennis star Roger Federer, posted a net loss of CHf187.0 million (US$199.9 million), or CHF 0.60 per share, after a loss of CHf2.6 million, or CHf 0.01 per share.

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